Modern Monetary Theory: are defcit hawks an endangered species?

L & G
By September 25, 2019 15:32

Modern Monetary Theory: are defcit hawks an endangered species?

A once-fringe economic theory has been embraced by liberal politicians at the same time as traditional budget hawks have been in retreat. Its rise has potentially radical implications for infation and investors

Decades into an era of declining infation and falling interest rates, political calls for balanced budgets and fscal restraint now seem quaint if not completely antiquated. Where longstanding defenders of ‘responsible’ central banks and austerity have not fallen silent, they have in some cases now reversed their positions entirely.  

L & G
By September 25, 2019 15:32

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