Saturday, June 15, 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.

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