22:0122:01, 29 March 2019diffhist+439
Modern monetary theory
reference added PS it's important to underline that MMT framework was able to explain the crisis concerning the Member States of the €uroZone years and years before that crisis happened because MMT describes the public debt of the €Z Member States as "foreign debt"
21:4321:43, 29 March 2019diffhist+2,009
Modern monetary theory
“Based on the national income identity, MMT states that it is possible for the non-government sector to accumulate a surplus only if the government runs budget deficits.”: it's this conclusion drawn by MMT to be desputed. And it's impossible to describe it without explaining it. Deleting explaination and conclusion is... pointless, IMHO
22:0122:01, 29 March 2019diffhist+439
Modern monetary theory
reference added PS it's important to underline that MMT framework was able to explain the crisis concerning the Member States of the €uroZone years and years before that crisis happened because MMT describes the public debt of the €Z Member States as "foreign debt"
21:4321:43, 29 March 2019diffhist+2,009
Modern monetary theory
“Based on the national income identity, MMT states that it is possible for the non-government sector to accumulate a surplus only if the government runs budget deficits.”: it's this conclusion drawn by MMT to be desputed. And it's impossible to describe it without explaining it. Deleting explaination and conclusion is... pointless, IMHO