INSUBCONTINENT EXCLUSIVE:
this week alone, BlackRock Inc
and Bloomberg Opinion contributor Stephanie Kelton rages on
economist at Pacific Investment Management Co
at least takes a stand in dismissing those who say America will inevitably turn out like Venezuela and Zimbabwe.
Yet for all the invective,
After all, even though MMT has won over Democrats like Alexandria Ocasio-Cortez, who aim to finance social policies like the Green New Deal
and Medicare For All, President Donald Trump is arguably doing a test run of sorts
His administration has blown a nearly $1 trillion hole in the US budget by unleashing a round of fiscal stimulus some eight years into the
Treasury yields are just 2.64 per cent, about average since the recession ended in June 2009
The market expects inflation to run at less than 2 per cent over the next decade, even with the national debt exceeding $22 trillion.
This
East West Investment Management Co., who happens to have the rare MMT trading thesis
Instead, equity prices surged on the back of cheap money, enriching those wealthy enough to be heavily invested in the stock market in the
first place.
Muir sees MMT as a way to shift gains from Wall Street to Main Street
also bought a record 6.5 trillion yen of exchange-traded funds in 2018
The way Muir sees things, inflation will take hold because fiscal spending would be injected straight into the real economy (think free
encourages companies to borrow cheaply, which then maybe gets them to boost wages or headcount)
In the post-crisis era, he argues, households have been overwhelmed by debt, which has suppressed economic growth
everything and financing social programs no matter the cost
She explained it here in her most recent Bloomberg Opinion column.
For bond traders, with the headfake of quantitative easing still fresh in
Even Bill Gross, one of the more vocal critics of post-crisis stimulus who invested during periods of rampant price growth, now seems at
So, yeah, I would say Trump or the next president, whoever he or she is, could go to $2 trillion, as long as the Fed was willing to
whether American citizens believe price growth will accelerate
Markets are behaving as they always have, even with winds of change blowing through economic thought at the highest levels
