It seems the IMF aviary has turned on the hawks and embraced the deficit owls. Has the IMF joined the policy shift to MMT? Yes, in part, but it appears to be a viral form of MMT: according to Vitor Gaspar, the IMF’s head of fiscal policy, “Nations’ first priority should be vaccination, while the reduction of public debt is now far down the list of urgent actions… the main role of fiscal policy in the immediate future should be to be stimulative, to help restore economic growth, reduce...
Read More »The IMF as Deficit Owl? What’s Wrong with This Argument?
It seems the IMF aviary has turned on the hawks and embraced the deficit owls. Has the IMF joined the policy shift to MMT? Yes, in part, but it appears to be a viral form of MMT: according to Vitor Gaspar, the IMF’s head of fiscal policy, “Nations’ first priority should be vaccination, while the reduction of public debt is now far down the list of urgent actions… the main role of fiscal policy in the immediate future should be to be stimulative, to help restore economic growth, reduce...
Read More »Lars P. Syll — Why so-called deficits are economic necessities
Vintage Bill Vickrey quote.Lars P. Syll’s BlogWhy so-called deficits are economic necessitiesLars P. Syll | Professor, Malmo University
Read More »Meagan Day — The Democrats and the Deficit Con
Dick Cheney was right: deficits don’t matter. If only Democrats would learn.… Attempting to balance a commitment to deficit reduction alongside a theoretical responsibility to protect and expand public programs, Democrats end up imposing false limitations on themselves and neutering their own supposed political agenda. One wonders if the party, increasingly reliant on an elite capitalist donor class, is actually using deficit reduction to weasel out of the responsibility to make life...
Read More »DownWithTyranny! — The Smartest Economist In America Explains What Deficits Really Mean
Who is the smartest economist in America? None other than — Stephanie Kelton. DownWithTyranny!The Smartest Economist In America Explains What Deficits Really Mean
Read More »Mike Kimel — The National Debt Disappeared
I commented there. Angry BearThe National Debt DisappearedMike Kimel
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