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The Rise And Fall Of Monetary Policy - Ian Macfarlane
The Joe Walker Podcast
The Importance of MMTs
It could work if it was, well, unfunded deficits can work if they're on a small scale. It wouldn't work in normal periods where you have normal interest rates. The difference is it clearly is a form of debt. I don't think you can deny that. If you want to have a policy that works in normal times as well as working in exceptional times, the conventional approach is much better.
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