Summary:
The total amount of government economic aid in response to the coronavirus downturn is expected to exceed trillion. Our actions today resemble Modern Monetary Theory, a belief that sovereign governments with sovereign currencies can “print” or “coin” money to support full employment or essentially any government program. As we enter the post-pandemic world, do we stay with the MMT-based philosophy of spending, or do we transition to a philosophy that deficits are dangerous? CNBCOp-ed: Pandemic moves Modern Monetary Theory from the fringes to actual US policy Robert Greifeld
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
The total amount of government economic aid in response to the coronavirus downturn is expected to exceed trillion. Our actions today resemble Modern Monetary Theory, a belief that sovereign governments with sovereign currencies can “print” or “coin” money to support full employment or essentially any government program. As we enter the post-pandemic world, do we stay with the MMT-based philosophy of spending, or do we transition to a philosophy that deficits are dangerous? CNBCOp-ed: Pandemic moves Modern Monetary Theory from the fringes to actual US policy Robert Greifeld
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jeremy Smith writes UK workers’ pay over 6 years – just about keeping up with inflation (but one sector does much better…)
Robert Vienneau writes The Emergence of Triple Switching and the Rarity of Reswitching Explained
Lars Pålsson Syll writes Schuldenbremse bye bye
Robert Skidelsky writes Lord Skidelsky to ask His Majesty’s Government what is their policy with regard to the Ukraine war following the new policy of the government of the United States of America.
- The total amount of government economic aid in response to the coronavirus downturn is expected to exceed $10 trillion.
- Our actions today resemble Modern Monetary Theory, a belief that sovereign governments with sovereign currencies can “print” or “coin” money to support full employment or essentially any government program.
- As we enter the post-pandemic world, do we stay with the MMT-based philosophy of spending, or do we transition to a philosophy that deficits are dangerous?
Op-ed: Pandemic moves Modern Monetary Theory from the fringes to actual US policy
Robert Greifeld