Posts

Could the pandemic cement an era of financial repression?

Financial repression is a tried and tested tool for the management of extreme debt loads Debt levels are rising to such extremes as governments respond to the COVID-19 pandemic Expectations of high post-pandemic growth may be overly optimistic and austere policy looks untenable We may therefore venture further down the garden path into financial repression …read more

Modern Monetary Theory: it’s a currency question

Modern Monetary Theory (MMT) is a political reaction to the constraints and costs of private financing for public spending. It is the explicit position that fiscal policy and monetary policy should be coordinated in order to avoid these constraints and costs. History is relevant. The future is untold. Money is currency is money. I hope …read more