modern monetary theory

The problem with the ‘endless summer’ theory of government debt

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It’s become fashionable among some political circles to advocate for a laissez-faire approach to debt, on the basis that the government can issue as much debt as it likes – for as long as it likes. But there’s one big drawback to ‘just print more money’ argument, writes Pattrick Smellie of BusinessDesk. Ask a New … Read more

Pipe dream or quick fix? On the post-Covid allure of modern monetary theory

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It’s an economic theory that advocates tout as a solution to governments’ debt crises, but critics warn is a recipe for hyperinflation. Either way, modern monetary theory is getting a lot more attention in the era of Covid-19. Two big economic ideas have captured the popular imagination during the Covid-19 pandemic: the universal basic income … Read more