MMT Again

I thought we’d made peace on this topic a long time ago, but I guess not according to these comments….Against my better judgment I am going to respond to some of them…. I don’t really align myself with any particular school of economics because I believe there is enough gray area in economics that it’s dangerousRead More

Helicopter Recall – Fiscal Repairs Needed

“Helicopter money” (HM) is a term invented by Milton Friedman to refer to the fantasy of a monetary authority (central bank) distributing money – ex nihilo, in the absence of any related asset acquisition – as a way of stimulating aggregate demand. It’s an idea that’s permeated the blogosphere in recent months, in the wakeRead More