"With the Federal Reserve’s annual Jackson Hole symposium there’s been much talk about when the central bank might allow interest rates to rise, presumably through the process of “tapering.” Tapering would mean easing monthly bond _...Read More_
"With the Federal Reserve’s annual Jackson Hole symposium there’s been much talk about when the central bank might allow interest rates to rise, presumably through the process of “tapering.” Tapering would mean easing monthly bond _...Read More_
"Washington politicians are betting that the national debt — which has soared from 40 to 100 percent of GDP since 2007 — can leap to 200 or 300 percent of GDP with no significant harm."
"Washington politicians are betting that the national debt — which has soared from 40 to 100 percent of GDP since 2007 — can leap to 200 or 300 percent of GDP with no significant harm."
“Stop Worrying About Budget Deficits -
Fiscal Responsibility Doesn't Mean What It Used To.
Red ink isn’t a problem as long as the country is spending on the right things.”
“Stop Worrying About Budget Deficits -
Fiscal Responsibility Doesn't Mean What It Used To.
Red ink isn’t a problem as long as the country is spending on the right things.”
"Emerging markets have reasons to be wary of MMT. They don’t strictly meet its preconditions. While every country does print a legal tender and collects taxes in its own currency, not all can borrow in them. Nor can they allow their _...Read More_
"Emerging markets have reasons to be wary of MMT. They don’t strictly meet its preconditions. While every country does print a legal tender and collects taxes in its own currency, not all can borrow in them. Nor can they allow their _...Read More_
"It is certainly true that the Fed can issue vast amounts of money without limit. But it cannot create the value that this money supposedly represents. It cannot determine how much of this money needs to be used to buy commodities."
"It is certainly true that the Fed can issue vast amounts of money without limit. But it cannot create the value that this money supposedly represents. It cannot determine how much of this money needs to be used to buy commodities."
>"Modern Monetary Theory is the latest in a long line of attempts by “left” theorists to maintain that capitalism can be made to work for society if only outmoded thinking about the monetary system is abandoned."
>"Modern Monetary Theory is the latest in a long line of attempts by “left” theorists to maintain that capitalism can be made to work for society if only outmoded thinking about the monetary system is abandoned."