Climate Change

Created
Tue, 04/07/2023 - 06:59

MMT strips way the veil of neo-liberal ideology that mainstream macroeconomists use to restrict government spending. We learn that these constraints are purely voluntary and have no intrinsic status. This …

The post While opposing political parties play the fiscal credibility game, people get hurt. appeared first on The Gower Initiative for Modern Money Studies.

Created
Mon, 03/07/2023 - 13:20
There appears to be confusion among those interested in Modern Monetary Theory (MMT) as to what the implications for a green transition that will fasttrack the transition to renewable energy will require by way of government. I regularly see statements that government deficits will have to be ‘massive’ for extended periods because the private (for…