by Summary:
Shots fired:Japan has always been a favorite talking point for the #MMT crowd, who claim Japan's huge debt load is totally fine. It isn't. Japan is in a currency crisis because its debt forces the BoJ to keep interest rates pinned. A huge warning sign for debt aficionados in the Euro zone... pic.twitter.com/mnO6RUQgnq— Robin Brooks (@robin_j_brooks) April 28, 2024
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Shots fired:Japan has always been a favorite talking point for the #MMT crowd, who claim Japan's huge debt load is totally fine. It isn't. Japan is in a currency crisis because its debt forces the BoJ to keep interest rates pinned. A huge warning sign for debt aficionados in the Euro zone... pic.twitter.com/mnO6RUQgnq— Robin Brooks (@robin_j_brooks) April 28, 2024
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
Shots fired:
Japan has always been a favorite talking point for the #MMT crowd, who claim Japan's huge debt load is totally fine. It isn't. Japan is in a currency crisis because its debt forces the BoJ to keep interest rates pinned. A huge warning sign for debt aficionados in the Euro zone... pic.twitter.com/mnO6RUQgnq
— Robin Brooks (@robin_j_brooks) April 28, 2024