We are all Modern Monetarists now - Business Insider

to reopen without an overhang of unpaid rents, debt service and other obligations that would otherwise put them out of business.

The issue of "balancing the books" with taxes or via the issuance of debt is not only an afterthought — it is not even necessary. Our government holds a monopoly to "issue" the currency, it does not merely "use" it like the rest of us. Except he was wrong. The only way inflation happens is via the volume and velocity of actual economic activity, relative to available economic resources — not via government spending itself, and certainlyAfter all, just look at the disastrous Trump tax cuts, or the deficits under Obama or Bush II. Where was the inflation? The government's spending money, or running deficits, does not ensure heated private sector economic activity — neither always nor everywhere.

Unsurprisingly, MMT is often tied to liberal social agendas. If for no other reason that it holds that we can afford them. And those folks who gravitated to the Republican-led small government, anti-tax movement really don't like the idea of greater government provided employment and social welfare.

DanielAlpert Well, all except t0nyyates.

DanielAlpert The term 'Modern Monetarist' seems a little odd to describe an advocate of Modern Monetary Theory. It's not really Milton Friedman-friendly is it?

DanielAlpert Welcome aboard y'all.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Modern Family Star Ty Burrell Launches Relief Program for Food and Beverage Industry in UtahThe new program aims to provide relief for those who have been laid off amid the ongoing COVID-19 outbreak and the recent earthquake near Salt Lake City
Source: people - 🏆 712. / 51 Read more »

Trump says the coronavirus is hurting his personal businesses - Business InsiderHe said he didn't know if his businesses would take government assistance if it qualified. 'Everybody knew I had hotels when I got elected,' he said. I mean, they totally should if they need it. Are you kidding? He made false claims for 9/11 money. He certainly should accept any and all assistance to keep his staff, no different than any other hotel chain.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: Five key business stories to watch amid economic chaos - Business InsiderStartups are going to shut down. Hedge funds will go out of business. Cord cutting will accelerate. And work will never be the same again.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How sports-betting industry is responding to coronavirus outbreak - Business InsiderSports-betting insiders describe cost-cutting and creative efforts to keep their businesses on track, as well as the companies most at risk.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Convene lays off 20 percent of workers as coronavirus hits flex-space - Business InsiderEvent and coworking company Convene just laid off 20% of its workers and furloughed some of its operations staff, Business Insider has learned. Yes communal working environments where freelancers or small companies work will see a permanent shift as a result of COVID19
Source: BusinessInsider - 🏆 729. / 51 Read more »