Thore Beckmann
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Peter Bofinger argues that the Modern Monetary Theory gives theoretical justification for bold answers to the corona crisis.
Coronavirus crisis: now is the hour of Modern Monetary Theory
To prevent the coronavirus shock to demand precipitating a long-lasting depression, government needs to become short-term payer of last resort.
Introducing the Payer of Last Resort
Economics has long been the domain of the ivory tower, where specialized language and opaque theorems make it inaccessible to most people. That’s a problem.
Economics for People