While in the UK economists seem to be losing it completely in the discussion around Modern Monetary Theory (which is why we do not cross-post most of it) and the rest of the continent is completely oblivious, there appears to be a somewhat more civilised discussion in the USA. Here James Galbraith´s take on the issue.
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![](https://braveneweurope.com/wp-content/uploads/2019/03/Modern-Monetary-Theory-1-1024x562.jpg)
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