Crisis and the Role of Money in the Real and Financial EconomiesAn Innovative Approach to Monetary Stimulus
Investors must prioritize tracking liquidity flows over traditional cycles, as innovative policies blur monetary/fiscal lines and reshape credit creation, with the coming of stable coins potentially shifting power toward government intermediation and liquidity growth.
Crescendo
So, specifically, I imagine that what happened in 2008 crisis is that, consciously or unconsciously, a decision was made to prevent or inhibit the negative consequences of the financial and to a lesser, but very important extent, economic layers by actually spending resources at the sociopolitical and cultural layers.
Jordan Hall • Four Layer Model of Social Systems | Deep Code Experiment: Episode 1
Criticism
American economist Thomas Palley has said MMT's appeal lies in it being a “policy polemic for depressed times.”
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He has criticized the suggestion that central bank interest rates be maintained at zero, and said MMT does not account for political complications arising from vested interests.
Nobel Prize-winning economist Paul Krugman has... See more
American economist Thomas Palley has said MMT's appeal lies in it being a “policy polemic for depressed times.”
10
He has criticized the suggestion that central bank interest rates be maintained at zero, and said MMT does not account for political complications arising from vested interests.
Nobel Prize-winning economist Paul Krugman has... See more