Tim Sablik News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Tim sablik. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Tim Sablik Today - Breaking & Trending Today

MMT And Government Finance: You Can't Always Get What You Want


this post authored by Michael U. Krause, Thomas A. Lubik, and Karl Rhodes
During the past 25 years, low-interest rates and highly expansionary monetary policy with little apparent inflation have created the illusion that a government can simply print money to fund exorbitant deficit spending with no repercussions. This core tenet of so-called modern monetary theory ignores the fact that deficit spending is constrained in the long run by a government s ability to satisfy creditors.
Promoters of modern monetary theory (MMT) - including a growing number of pundits and policymakers - are toying with the idea that deficits don t matter. They are tempted to believe that a government can merge fiscal and monetary policy and simply print currency to pay for its expenditures indefinitely without economic costs or constraints. This core tenet of MMT, which has permeated the public debate, worries economists of all stripes - not just mainstream economists, but also traditiona ....

United States , Thomasa Lubik , Alberto Bisin , Toddb Walker , Karl Rhodes , Marc Lavoie , Ericm Leeper , Tim Sablik , Troy Davig , Shu Chun Susan Yang , Ben Bernanke , Michaelu Krause , Federal Reserve Bank , University Of Cologne , Federal Reserve , Treasury Congress , Research Department , Washington Post , University Of Virginia , Federal Reserve Governor Ben Bernanke , Middle East , New Keynesian , Middle Ages , South America , Dont Matter , Monetary Theory ,