by Summary:
Not specifically about MMT but this: Now, Covid-19 could be a great opportunity for the United States and, also, for the world economy. With interest rates nearing zero, this could be a good opportunity to use fiscal policy to revive the economy. This is something that the defenders of the so-called Modern Monetary Theory, such as the former chief economist of the International Monetary Fund, Olivier Blanchard, and also many banks, have been calling for for years, seeing how their margins are disappearing due to ultra-low interest rates. While the author erroneously thinks that MMT is about low-cost financing of government debt, the article is most about using fiscal policy to address existing problems and emergent challenges, as well as addressing the inefficiencies in the US
Topics:
Mike Norman considers the following as important: fiscal policy, MMT, US economy
This could be interesting, too:
Not specifically about MMT but this: Now, Covid-19 could be a great opportunity for the United States and, also, for the world economy. With interest rates nearing zero, this could be a good opportunity to use fiscal policy to revive the economy. This is something that the defenders of the so-called Modern Monetary Theory, such as the former chief economist of the International Monetary Fund, Olivier Blanchard, and also many banks, have been calling for for years, seeing how their margins are disappearing due to ultra-low interest rates. While the author erroneously thinks that MMT is about low-cost financing of government debt, the article is most about using fiscal policy to address existing problems and emergent challenges, as well as addressing the inefficiencies in the US
Topics:
Mike Norman considers the following as important: fiscal policy, MMT, US economy
This could be interesting, too:
Steve Roth writes MMT and the Wealth of Nations, Revisited
Nick Falvo writes Ten things to know about the 2023-24 Alberta budget
Matias Vernengo writes On central bank independence, and Brazilian monetary policy
Jeremy Smith writes Settling the public sector pay disputes now – modest cost, big benefits
Now, Covid-19 could be a great opportunity for the United States and, also, for the world economy. With interest rates nearing zero, this could be a good opportunity to use fiscal policy to revive the economy. This is something that the defenders of the so-called Modern Monetary Theory, such as the former chief economist of the International Monetary Fund, Olivier Blanchard, and also many banks, have been calling for for years, seeing how their margins are disappearing due to ultra-low interest rates.While the author erroneously thinks that MMT is about low-cost financing of government debt, the article is most about using fiscal policy to address existing problems and emergent challenges, as well as addressing the inefficiencies in the US socio-economic system.
The Corner
The (possibly lost) Coronavirus Opportunity
The (possibly lost) Coronavirus Opportunity
Pablo Pardo, Washington DC correspondent of El Mundo