3 ms·
What a tortured logic this interview follow. It's funny that the period from the second world ward to the neoliberal revolution in the 80's is considered by th
by RobertoG 6y ago
What a tortured logic this interview follow.
It's funny that the period from the second world ward to the neoliberal revolution in the 80's is considered by this guy a bad thing. It was a period of grow shared by a big part of the population. I suppose if you work in the City or Wall Street, something like that looks like the end of the world.
And he believe two contradictory things, he thinks that politicians control the central bank and that they need private saving institutions to control the bond yields. But if you control de central bank you already control the yields (see Japan), you don't need any private institution help.
Mainstream economics is arriving to what Modern Monetary Theory has been telling us the last 20 years. There are not insights in this article that have not been repeated again and again by the MMT people.