Showing posts with label Budget Debt. Show all posts
Showing posts with label Budget Debt. Show all posts

Saturday, July 27, 2019

Does Japan's Large Budget Debt Partly Prove MMT Could Work??

Sayuri Shirai of Keio University in Japan appears to be cynical Japan's (arguably harmless) large public debt is semi-proof of MMT potential validity as a policy solution:
https://voxeu.org/article/modern-money-theory-and-its-challenges