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Popular understanding of MMT is near zero and people mostly recoil in horror if you try to explain it. Journalists ought to know better, but largely pander to the neoconservative economic hegemony.

However, the USA has been doing it for decades, and the fact that the EU has now signed up for deficit spending on a fairly big scale, to remarkably feeble opposition, is perhaps a game-changer.

Clearly, the euro is the key resource. Other countries with their own currencies are much more vulnerable.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Thu May 6th, 2021 at 10:57:49 AM EST
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