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The theory of monetary disorder : debt finance, existing assets, and the consequences of prolonged monetized budget deficits and ultra-easy monetary policy
Palley, Thomas I.
-
2023
This paper introduces the notion of monetary disorder. The underlying theory rests on a twin circuits view of the macro economy. The idea of monetary disorder has relevance for understanding the experience and consequences of the recent decade-long period of monetized large budget deficits and...
Persistent link: https://www.econbiz.de/10014529497
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2
What's wrong with
modern
money
theory
(MMT) : a critical primer
Palley, Thomas I.
-
2019
Recently, there has been a burst of interest in
modern
money
theory
(MMT). The essential claim of MMT is sovereign …
Persistent link: https://www.econbiz.de/10012006662
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