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More public spending money and a high deficit is not the problem if countries issue their own currency, he added, before conceding that “the market can’t solve the three great market failures of our time – a downturn, climate charge and a health crisis.” “Since 2008 we’ve had the GFC, the European crisis and now we have COVID 19,” the CIO said. “We are now entering a period of new international economics.”... Investment MagazineStatewide’s Michalakis: No choice but MMTElizabeth Fry
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More public spending money and a high deficit is not the problem if countries issue their own currency, he added, before conceding that “the market can’t solve the three great market failures of our time – a downturn, climate charge and a health crisis.” “Since 2008 we’ve had the GFC, the European crisis and now we have COVID 19,” the CIO said. “We are now entering a period of new international economics.”... Investment MagazineStatewide’s Michalakis: No choice but MMTElizabeth Fry
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More public spending money and a high deficit is not the problem if countries issue their own currency, he added, before conceding that “the market can’t solve the three great market failures of our time – a downturn, climate charge and a health crisis.”
“Since 2008 we’ve had the GFC, the European crisis and now we have COVID 19,” the CIO said. “We are now entering a period of new international economics.”...