Nathan Tankus on the Future of MMT and How to Avoid U.S. Debt Default
Macro Musings with David Beckworth
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The Importance of Fiscal Policy in the Face of Secular Stability
I didn't see coronavirus coming necessarily. I wasn't focusing on pandemics and that being the thing, you know, my model was more climate change, climate change disruptions. And once you start moving forward on demand, if you don't do anything about the Fed, they're just going to be raising interest rates. If you start pushing on demand, then you're opening up the possibility for businesses raising target profit margins. So that's where I approach things rather than sort of MMT is about printing money.
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