monetary theory


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Erdogan, who suffered stinging local election setbacks this year thanks in part to his handling of the economy, has repeated contrary to monetary theory that tight policy sparks inflation.
For example, he pointed out that cigarettes became a currency among POWs during World War II, and he quoted a folk theorem from monetary theory that says anything can be a currency.
Modern Monetary Theory (MMT), a seemingly new approach to economic policy, has become a hot topic, gaining support from leading US progressives such as presidential candidate Bernie Sanders and Democratic Representative Alexandria Ocasio-Cortez.
Modern Monetary Theory provides a genuine alternative, a job guarantee (JG) programme.
Proponents of Modern Monetary Theory (MMT) argue that the government can afford to purchase anything, because it can create unlimited amounts of its own currency.
Kashkari is skeptical about Modern Monetary Theory (MMT), given risks of printing money.
An analyst, who has been a vocal critic of Bank of Japan head, Haruhiko Kuroda, has opined that Modern Monetary Theory (MMT) would prove to be a big mistake in Japan.
M2 EQUITYBITES-April 11, 2019--Analyst says Modern Monetary Theory would prove to be a big mistake in Japan
BANKING AND CREDIT NEWS-April 11, 2019--Analyst says Modern Monetary Theory would prove to be a big mistake in Japan
Modern Monetary Theory (MMT) seems to be turning many economic ideas upside down.
In his essay (North 2012b) for the 2012 volume in commemoration of the centennial of the publication of Mises's Theory of Money and Credit (Hulsmann 2012b), Gary North poses a challenge to our understanding of monetary theory. Carl Menger and Ludwig von Mises, North argues, did not really integrate their theory of the origin of money into the rest of economic science.
"Episode 866: Modern Monetary Theory." Planet Money.