MMT – Berita, Riset, dan Analisis – The Conversation

April 5, 2021

Please, no more questions about how to pay off the COVID debt

Steven Hail, Torrens University Australia

Governments like ours choose to borrow, they don’t have to.

Oktober 4, 2020

Big budget spending isn’t new: it’s a return to what worked before

Steven Hail, University of Adelaide

Chifley, Menzies, Holt, Gorton, McMahon, Whitlam and Fraser targeted budget deficits.

Juli 12, 2020

There’s serious talk about a “job guarantee”, but it’s not that straightforward

Peter Davidson, UNSW Sydney

Australia has tried it before, in the 1990s. The proportion of participants eventually getting unsubsidised jobs was low.

Juli 7, 2020

Modern monetary theory: the rise of economists who say huge government debt is not a problem

John Whittaker, Lancaster University

Creating lots of new money is supposed to produce runaway inflation. The longer that it doesn’t happen, the more this branch of economics appears to have a point.

Juli 2, 2020

The spending splurge matters, regardless of what modern monetary theory says

Ross Guest, Griffith University

Modern Monetary Theory is suddenly popular because it implies governments can spend as much as they need to. But that spending comes with risks.

Professor Stephanie Kelton at Adelaide University in January. Image: John Staines

Februari 5, 2020

Bernie Sanders’ economic adviser has a message we might just need

Steven Hail, University of Adelaide

Modern Monetary Theory allows governments more freedom to run deficits, freedom the Australian government might need.

Canadian bank notes are seen in this 2017 photo. Ottawa finances deficit spending by borrowing money. Twenty per cent of the money is borrowed from the Bank of Canada. In other words, the government borrows that money from itself. THE CANADIAN PRESS/Adrian Wyld

Maret 27, 2019

How government deficits fund private savings

D.T. Cochrane, York University, Canada

Critics complain that government debt saddles future generations with a financial burden. The critics are wrong.

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