Blogotariat

Oz Blog News Commentary

Here’s a Black Swan for ya: Trump does MMT

March 15, 2019 - 09:15 -- Admin

The Economist tackles MMT today: That perspective is not always clear; there is no canonical mmt model. But there are some central ideas. A government that prints and borrows in its own currency cannot be forced to default, since it can always create money to pay creditors. New money can also pay for government spending;

The post Here’s a Black Swan for ya: Trump does MMT appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]