Browsing Tag


Pre-inaugural fiscal relief unlikely

I want to take stock of the economic landscape in the US now that the Thanksgiving holiday is past. There are three decisive variables in my view. The first is the ability of the healthcare system to deal with the coronavirus and keep…

No stimulus, no problem?

The calls for fiscal relief by the Federal Reserve have apparently fallen on deaf ears, as US President Trump pulled out of negotiations for a stimulus package last night. Asset markets were all over the place as investors digested the…

MMT Heaven and MMT Hell

There are conditions under which governments can create money—or debt—without fear of inflation or excessive debt burdens. There are other conditions under which debt or money creation can lead to inflation and balance sheet problems.

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