Quote:
Originally Posted by rubecube
Something like modern monetary theory could theoretically solve some of these issues, but governments can't seem to wrap their heads around not involving middle-men (banks/lenders, etc.).
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Well yeah, if we could just run-up consequence free debts, it would all be fine. But that's one of the enormous questions with MMT. That, along with whether fiscal policy is a better answer to challenges than monetary policy and with that whether governments are better to control these issues than central banks. It's not a surefire solution at all, and it's not just because of banks.