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How the Government Pulls Coronavirus Relief Money Out of Thin Air — Matt Phillips

Summary:
I am going to break a rule and link to this at the New York Times because it is noteworthy owing to its implicit support of MMT. The New York Times is "the paper of record" so this is a big deal.But aware that you may encounter a paywall. I don't usually link to paywalled sources.New York TimesHow the Government Pulls Coronavirus Relief Money Out of Thin Air Matt Phillips

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I am going to break a rule and link to this at the New York Times because it is noteworthy owing to its implicit support of MMT. The New York Times is "the paper of record" so this is a big deal.

But aware that you may encounter a paywall. I don't usually link to paywalled sources.

New York Times
How the Government Pulls Coronavirus Relief Money Out of Thin Air

Matt Phillips

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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