"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
see also >Ann Pettifor cnbc.com 3-3-2022 Sri Lanka’s economic crisis deepens as the country is snowed under its crushing debt - by Sumathi Bala For Zahara Zain, the current times in Sri Lanka are reminiscent of the early 1970s, when the country was fighting for its surviva, when the country was fighting for its survival amid … Continue reading DEBT past present future public private crisis
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 ?