Modern Monetary Theory

Modern Monetary Theory (MMT) is held out by some of its proponents as the antidote to the high debt, low growth and inflation environment that many countries have...

Articles and presentations about Modern Monetary Thinking (MMT) are often annoyingly one sided. This isn’t too surprising given the policy recommendations by MMT’s...

With the heavy amounts of Government stimulus being provided worldwide this year in response to Coronavirus' economic impacts, we wanted to get the perspective of...

The tsunami of monetary and fiscal stimulus this year is a continuation of the policies implemented when the Financial Crisis began. When these first started the few...

In the AFR I write (twitter link here) that the Reserve Bank of Australia’s deputy governor Guy Debelle has delivered one of the most dovish speeches of his career,...

On the agenda, we give an overview of how the Coronavirus crisis will have impacted the already fragile economy when all is said and done, addressing the fiscal and...

Last week RBA Governor Phil Lowe seemingly dealt a savage blow to proponents of the new economic policy frontier that is Modern Monetary Theory (MMT). Governor Lowe...

In March, the U.S. Federal Reserve moved to prevent a coronavirus-induced downturn by promising to set up an entity to buy corporate bonds and ETFs, including junk...

Gold, and precious metals in general, are well and truly back in vogue. As a defensive asset class, but more importantly, as an asset to hedge against the impact from...

We've spoken at length about lack of growth, demand and inflation in the global economy, and see government spending as one of the key ways inflation may see an...

We discuss the possible role for a once obscure economic theory that is gathering supporters around the world - Modern Monetary Theory. In June 2016 we wrote a...