The world according to MMT

Have you heard about MMT yet? Modern Monetary Theory? It’s all the rage. And now it’s in the halls of government, as we discussed yesterday.…

Keynes and Friedman died of Covid-19

So far this week, we’ve looked at the state of play of the global economy. To sum up my argument: too much debt, interest rate…

Goosing the debt

What happens when governments control prices? Some of you might remember the answer, having learned it the hard way. Government price controls create either shortages…