Romanian Election Overturned
There is new turmoil during the final month of the Political Year from Hell emerging in Romania after the constitutional court annulled the presidential election. Calin Georgescu, who the media [...]
Modern Monetary Theory & Why Central Banks are lost in the Wilderness without a Map
QUESTION: Dear Martin,
Would you like to enlighten me on your stance on the Modern Market Theory that is being touted by some in finance and politics please?
VV
ANSWER: The basis upon which MMT has emerged is actually logical for those who lack the understanding of how to conduct research. Since QE has lasted in Europe for 10 years+ without success in creating inflation, they take this as proof that the government can just print without concern of inflation. Money has value only because it is legal tender. I have written about this subject before – MMT.
I will address this in a detailed report because all economic models have now failed. This is part of the Great Unknown we have entered in Economic Theory. Central Banks are without a map and are now lost in the wilderness.
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