‘Miserable’ Myths

‘Miserable’ Myths

It's now widely (if begrudgingly) accepted that many developed nations are engaged in a version of Modern Monetary Theory. The pandemic forced the issue. For more than a decade, policymakers, economists, and analysts, persisted in the exceedingly ridiculous notion that all a central bank needs to do in order to escape charges of debt monetization is i) insert a middleman between itself and its bond-issuing sovereign, and ii) insist that at some undefined future date, the balance sheet expansion
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5 thoughts on “‘Miserable’ Myths

  1. Thank you for the education. I fear however until those 1% understand that the current path of policies are destined to reduce their standard of wealth there will be no change. Democracies were not formed to benefit the poor, but to benefit the already rich. That we seem to have forgotten this lesson in history is troubling.

  2. Could it be that all the issues facing Americans that Kelton listed in that last paragraph are result of corruption and misappropriation of resources and power, than the lack of paper with some numbers written on it?

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