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Excellent coverage for insight into fiscal policy and MMT ...

MMT Heaven and MMT Hell for Chinese Investment and U.S. Fiscal Spending | Carnegie Endowment - Oct. 2019 |

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From these readings (including a 1943 piece on "functional finance" by economist Abba Lerner), we assume that the key insight of MMT is not that debt doesn't matter, as mistaken stereotypical views seem to assume, but rather that governments that issue their own fiat currency have no funding constraints insofar as they do not need to issue debt or raise taxes to spend money. They simply budget the expenditure, and then go ahead and spend the money.

by Oui on Thu Apr 29th, 2021 at 07:29:05 AM EST
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