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Modern Monetary Theory: Key Insights, Leading Thinkers

Book by Pavlina R. Tcherneva · 3 quotes · Economics, Macroeconomics, Employment

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Modern Monetary Theory: Key Insights, Leading Thinkers Quotes

“governments budgeted anywhere from one-tenth to more than one-half of their economies to fight the pandemic. No taxpayers were called upon to foot the bill, no creditors were asked to lend them money. Governments voted for the budgets they considered to be necessary and their central banks made the payments. The size of the response was all the evidence one needed to grasp the monetary reality. Governments which issue and control their own currencies face no financing constraints and no threat of insolvency or default.”

PoliticsEconomicsCovid 19MacroeconomicsGovernment Spemding
Book:Modern Monetary Theory: Key Insights, Leading Thinkers
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“A half century of neoliberalism has brought the world to the brink of collapse. Only concerted effort and cooperation by the world’s governments provides any chance of survival. Understanding MMT does not make this easy. But it helps us to recognize what the true constraints are: resources, initiative, politics, imagination.”

PoliticsEconomicsMacroeconomics
Book:Modern Monetary Theory: Key Insights, Leading Thinkers
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