modern monetary theory

12:12PM
Printer-friendly version
Modern Monetary Theory remains a dangerous policy prescription in Canada and beyond

Many economists warn about ballooning budget deficits and the potential for higher interest rates in the future.


2:10PM
Printer-friendly version
Modern Monetary Theory, Part 4: MMT and quantitative easing

Since the 2008-2009 financial crisis, central banks in Canada and elsewhere have pursued quantitative easing.


9:35AM
Printer-friendly version
Modern Monetary Theory, Part 3: MMT and inflation

Divergences between expected inflation and actual inflation contribute to economic inefficiencies that harm economic growth.


1:31PM
Printer-friendly version
Higher interest rates associated with government borrowing act like an implicit tax

Default risk and exchange-rate risk increase for foreign lenders as they increase their holdings of any government’s debt.


1:05PM
Printer-friendly version
What is Modern Monetary Theory and why is it gaining currency in these volatile times?

Providing income support to workers and businesses involves large increases in government expenditures.