Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Monday 1 March 2010
Reducing the national debt while maintaining the stimulus.
It is popularly believed that stimulus necessitates a rising national debt. Not true! Maintaining, or even increasing the stimulus at the same time as reducing the national debt is perfectly feasible. For a full explanation see here. That’s the new blog “Let’s cut the national debt AND expand the stimulus” – see top of right hand column ----->
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