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Yes, the government can just issue currency — as long as it doesn't lead to demand that outstrips supply. Then inflationary pressure will build up. Generally, though, the economy is not running at capacity, and there are idle resources going to waste.Government has the fiscal capacity to put those idle resources to use. For example, with a universal job guarantee that offers work (job matching) at a living wage plus benefits to anyone willing and able to work, actual full employment (less transitional) is possible to achieve.Investor ObserverModern Monetary Theory: Can the Government Just Print Money? Neal Farmer
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Yes, the government can just issue currency — as long as it doesn't lead to demand that outstrips supply. Then inflationary pressure will build up. Generally, though, the economy is not running at capacity, and there are idle resources going to waste.Government has the fiscal capacity to put those idle resources to use. For example, with a universal job guarantee that offers work (job matching) at a living wage plus benefits to anyone willing and able to work, actual full employment (less transitional) is possible to achieve.Investor ObserverModern Monetary Theory: Can the Government Just Print Money? Neal Farmer
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Mike Norman considers the following as important:
This could be interesting, too:
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Yes, the government can just issue currency — as long as it doesn't lead to demand that outstrips supply. Then inflationary pressure will build up. Generally, though, the economy is not running at capacity, and there are idle resources going to waste.
Government has the fiscal capacity to put those idle resources to use. For example, with a universal job guarantee that offers work (job matching) at a living wage plus benefits to anyone willing and able to work, actual full employment (less transitional) is possible to achieve.
Investor Observer
Modern Monetary Theory: Can the Government Just Print Money?
Neal Farmer