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Yanis Varoufakis on the Economic Situation

The Dig

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Is Modern Monetary Theory Applied to the United States?

The world that i'm describing doesn't have a labor market in it. It has markets. Doesn't have labor markets, from mark forlenza. And this is a spicy one. Does modern monetary theory extend the size and life of the bubble, or does it help control the damage caused by its bursting when london mentes? Is the theory, it's not a policy, which means that it depends on how you use it. Effectually, what it says is that e manes cr acknowledges that money is created out of thin air. Which is fine. Don't panic about it. You know, overcome the delusion that money should be a commodity like gold or stones, or

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