In my third article about Modern Monetary Theory (MMT), I try to understand the policies of the Carney government through the lense of this new way of looking at public finance.
https://open.substack.com/pub/billhulet/p/modern-monetary-theory-part-three
When it was announced that Mr. Carney would run for office, the first thing I did to find out about him was to watch a video of one of his recent speeches to a big business audience. There is no way he would think of MMT as acceptable. He's a huge fan of the way things are, so we will keep spending a significant percentage of the government budget directly on satisfying the greed of the rentiers.