1970s-style inflation isn t coming back vox.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vox.com Daily Mail and Mail on Sunday newspapers.
If you want to promote democracy, think modern money
Independent Australia
18 Jul 2021, 17:52 GMT+10
Employing modern monetary theory would create more economic stability and less reliance on politicians to use the monetary system for public needs, writes
MODERN MONETARY THEORY (MMT) is a description or if you prefer, a systemic analysis of currency as it presently exists.
It reveals that taxation is important in driving demand for currency among other things, including the creation of unemployment. After all, there is no unemployment in a non-monetary economy.
Adam Triggs, a research fellow at the Brookings Institution and Crawford School of Public Policy at Australian National University (ANU) wrote back in 2019 that MMT looks like a solution in search of a problem . That is not the case. MMT shows that the new economic consensus on the monetary system is false and it also shows what tools are available in the modern money toolkit.
Inequality and the Macron Commission diplomaticourier.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diplomaticourier.com Daily Mail and Mail on Sunday newspapers.
Inequality and the Macron commission
Jul 12,2021 - Last updated at Jul 12,2021
By Dani Rodrik and Stefanie Stantcheva
CAMBRIDGE The advanced economies will bounce back more quickly from the COVID-19 pandemic than low-income countries. Still, they face an important and interconnected set of challenges in the years ahead: Climate change, inequality, new technologies, demographic ageing, and immigration. Business as usual will not do in any of these areas, and new approaches are required in each.
Just as the pandemic was gathering pace in early 2020, French President Emmanuel Macron set up an international commission of economists to assess these longer-term challenges and make policy proposals. Headed by the former International Monetary Fund chief economist Olivier Blanchard and the Nobel laureate economist Jean Tirole, the commission debated each of these issues over the course of several months. Interesting proposals emerged from the three reports produced by a subgroup of a
Inequality and the Macron commission jordantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jordantimes.com Daily Mail and Mail on Sunday newspapers.