Daily Archives: April 20, 2020


The Myth of “Helicopter Money”

Project Syndicate has the article The Myth of “Helicopter Money”.

MMT merely underscores the fact that the Fed faces no financial constraints on its ability to buy assets or lend; it does not prescribe any particular action in this direction – and indeed is skeptical of such policies.

Here is a simple explanation of MMT that the doubters will refuse to believe. The trouble with these explanations is that there is no interaction with the reader to handle the inevitable questions that they want to ask. If you want to ask questions, I will be willing to tell you what I think in my own words, Some MMT experts don’t like the words I use, but I think they make the point better than some experts do.

Use my Facebook post to ask questions.