I found your discussion very interesting. Curious to know if you have any updated thoughts on this two years on. For me, I tend to agree with Wei Dai’s comment below, that the federal reserve and government working closely together is a synthetic form of MMT. Would you say that Japan’s “yield curve control” (pegging interest rates with unlimited money printing) is demonstrating that they are going down the MMT route? And what about Europe’s transmission protection instrument to peg Italian bonds?
Curious to know if the massive inflation numbers have changed your mind about whether the central banks have handled covid better than 2008.
I found your discussion very interesting. Curious to know if you have any updated thoughts on this two years on. For me, I tend to agree with Wei Dai’s comment below, that the federal reserve and government working closely together is a synthetic form of MMT. Would you say that Japan’s “yield curve control” (pegging interest rates with unlimited money printing) is demonstrating that they are going down the MMT route? And what about Europe’s transmission protection instrument to peg Italian bonds?
Curious to know if the massive inflation numbers have changed your mind about whether the central banks have handled covid better than 2008.