Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

Until full employment is reached, governments need not cut back on public spending, says William Mitchell, co-founder of modern monetary theory We’ve just been through the worst pandemic in modern history so there are a few supply issues, but we are not experiencing inflation caused by Biden giving out some stimulus checks. … Continue reading Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell

Modern Monetary Theory for Conservatives | The American Conservative

Modern Monetary Theory for Conservatives | The American Conservative

Re-thinking the conservative approach to government spending. Once conservatives understand how money works they can start to see the benefits of government fiscal spending as well! In fact, one wonders if many conservatives already understand how it all works when they didn’t appear to care about government deficits as of recent. There … Continue reading Modern Monetary Theory for Conservatives | The American Conservative

This Year’s Underground Sensation: Modern Monetary Theory | The New Republic

This Year’s Underground Sensation: Modern Monetary Theory | The New Republic

The economic ideas that once fueled deficit mythbusters and provided hope for a pandemic recovery have spawned a vibrant political subculture. Once people understand where money comes from then they’ll realize that we can start addressing things like climate change and student loans without causing any further hardship. Source: This Year’s Underground … Continue reading This Year’s Underground Sensation: Modern Monetary Theory | The New Republic

Can governments afford the debts they are piling up to stabilise economies?

Can governments afford the debts they are piling up to stabilise economies?

Yes — It poses no inherent danger to states that issue their own currency There are three real reasons. First, a currency-issuing government never needs to borrow its own currency. Second, it can always determine the interest rate on bonds it chooses to sell. Third, government bonds help to shore up the … Continue reading Can governments afford the debts they are piling up to stabilise economies?