Horn
1st March 2019, 05:31 PM
and get a government job.
MMT's Chief Advocate Defends Against Krugman Criticism
Authored by Stephanie Kelton, op-ed via Bloomberg.com, (https://www.bloomberg.com/opinion/articles/2019-03-01/paul-krugman-s-four-questions-about-mmt)
There is a doctrine among mainstream economists holding that:
(1) government deficits push interest rates higher and
(2) rising interest rates crowd out private investment.
The government can take more of the economy’s financial resources, but only at the expense of lost private investment. This means that running budget deficits has at least some downside.
https://www.zerohedge.com/news/2019-03-01/mmts-chief-advocate-defends-against-krugman-criticism
Comment section was pretty famous, God rest their souls.
This is what happen's in Goldie's moneyless society, there is No MONEY in MMT!!
MMT's Chief Advocate Defends Against Krugman Criticism
Authored by Stephanie Kelton, op-ed via Bloomberg.com, (https://www.bloomberg.com/opinion/articles/2019-03-01/paul-krugman-s-four-questions-about-mmt)
There is a doctrine among mainstream economists holding that:
(1) government deficits push interest rates higher and
(2) rising interest rates crowd out private investment.
The government can take more of the economy’s financial resources, but only at the expense of lost private investment. This means that running budget deficits has at least some downside.
https://www.zerohedge.com/news/2019-03-01/mmts-chief-advocate-defends-against-krugman-criticism
Comment section was pretty famous, God rest their souls.
This is what happen's in Goldie's moneyless society, there is No MONEY in MMT!!