"The only way to call time on QE, if that is what we truly want, is to deconstruct and then reconstruct, regulate and stabilise the whole financial system, so that the extraordinary privilege of credit creation is always balanced by a responsibility not to take undue risks." Ann Pettifor
Tag: Larry Elliott
DEBT past present future public private crisis
featured/intro updates below see also >Ann Pettifor >Michael Hudson >David Graeber twitter.com 2022 "A theory of debt is basically a theory of everything" - Andrew J. Douglas debt updates 4-2023 theguardian.com 13-4-2023 Wealthy west has little excuse after finally waking up to global debt crisis - As recent banking failures in US and Europe show, … Continue reading DEBT past present future public private crisis
De facto MMT disequilibrating DSGE ?
Turns out Peter Bofinger is not the only German economist who can see MMT across the sea. There is at least one other. Maybe more to follow? "Say it quietly, but Germany has learnt the lessons of Keynes," argues Thorvaldur Gylfason. Mind you, he is talking fiscal largesse, not ECB money. In the "we are … Continue reading De facto MMT disequilibrating DSGE ?