{"id":28468,"date":"2020-04-20T16:13:21","date_gmt":"2020-04-20T20:13:21","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=28468"},"modified":"2020-04-20T16:13:21","modified_gmt":"2020-04-20T20:13:21","slug":"the-myth-of-helicopter-money","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2020\/04\/20\/the-myth-of-helicopter-money\/","title":{"rendered":"The Myth of \u201cHelicopter Money\u201d"},"content":{"rendered":"<p><em>Project Syndicate <\/em>has the article <a href=\"https:\/\/www.project-syndicate.org\/commentary\/modern-monetary-theory-is-not-helicopter-money-by-yeva-nersisyan-and-l-randall-wray-2020-04\" rel=\"noopener noreferrer\" target=\"_blank\">The Myth of \u201cHelicopter Money\u201d<\/a>.<\/p>\n<blockquote><p>\nMMT 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 \u2013 and indeed is skeptical of such policies.\n<\/p><\/blockquote>\n<p>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&#8217;t like the words I use, but I think they make the point better than some experts do.<\/p>\n<p>Use <a href=\"https:\/\/www.facebook.com\/steven.s.greenberg\/posts\/10157392317704247\" rel=\"noopener noreferrer\" target=\"_blank\">my Facebook post<\/a> to ask questions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Project Syndicate has the article The Myth of \u201cHelicopter Money\u201d. 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 \u2013 and indeed is skeptical of such policies. Here is a simple explanation of MMT [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-28468","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=28468"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28468\/revisions"}],"predecessor-version":[{"id":28469,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28468\/revisions\/28469"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=28468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=28468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=28468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}