Saturday 15 June 2013

The great Nick Rowe supports Modern Monetary Theory?




To judge by a little exchange of views I had with him, it looks like he goes along with Mosler’s Law (which states that “There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.”). See sentence in yellow at the top of Warren Mosler’s site.
So I assume Nick is somewhere between sympathetic towards MMT and “fully supportive of” MMT.

No comments:

Post a Comment

Post a comment.