@doobeedoo2 @StephanieKelton In fact Buchanan and co are unabashed in their appreciation for the true radicalism of Abba Lerner. The problem is failure to really follow through to a politics that was adequate to functional finance. The problem is to be caught in a halfway house …
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin
"Unlike businesses, central banks are designed to make money only in the most literal sense." Cracking opening line from Augustin Cartens @BIS_org op-ed in @FT