Notes on the Week Ahead
Notes on the Week Ahead
Dr. David Kelly
The Problem with MMT
13 minutes Posted Sep 21, 2020 at 2:50 pm.
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For most of the last 40 years, the United States, like most developed economies, has suffered from a lack of demand for goods and services. This has contributed to a steady slide in inflation. More importantly, it has indirectly triggered recessions by funneling money towards assets, feeding bubbles which have inevitably burst. A lack of aggregate demand has also slowed the recovery from those downturns, inflicting hardship on millions of workers and small business owners.