Modern monetary theory (MMT) now plays a role in your life, whether you know it or not. The theory argues that a nation can never truly run out of money, and it advocates quantitative easing to solve a nation’s debt and unemployment problems.
Historically, quantitative easing and currency devaluation have been used as last-resort options to pay for growing national debt during war, recession or other crises.
As a result of the COVID-19 pandemic, lockdowns and enormous government spending to keep businesses alive, MMT and quantitative easing are very much on the table.They’re not just mainstream ideas now – they could […]
Full Post at theclarion.ca