World Economy Like a Patient on Experimental Drugs, Says Tooze
The sort of MMT which is essentially functional finance, which says let’s just part the financing thing as a technical matter to be resolved among adults in a technical way and focus on the fundamental questions of what are our capacity constraints, what are the supply constraints which are real, and what are our priorities for spending -- that just seems common sense, to be honest.
And I’m puzzled by the rationale for something that says, at this moment, budget balance is our priority.
If you’re an MMTer -- if there’s ever been a president more suited and just agreeable to the fiat money concept, there’s never been one better than Trump.
As long as the checks had his name on them, it was all good.
Bloomberg 11 September 2021
How Covid Shook the World’s Economy By Adam Tooze
https://englundmacro.blogspot.com/2021/09/how-covid-shook-worlds-economy-by-adam.html
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