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MODERN MONETARY THEORY
Quote of the day by American Economist Milton Friedman: ‘If you put the federal government in charge of the Sahara Desert, in 5 years…’ Witty take on inefficiency, corruption, and control as world faces oil and gas crisisQuote of the day: The “Sahara Desert” quote continues to resonate because it combines humor with sharp criticism. It may make people laugh,...
Is a US stock market crash beginning? Nasdaq 100 drops over 2% as Dow Jones and S&P 500 struggle after inflation shock hits investorsIs a US stock market crash beginning as Nasdaq sinks 2% after shocking CPI inflation rattles Dow and S&P 500? The Nasdaq 100 plunged more t...
Why did the US stock market crash today? Dow Jones, S&P 500 and Nasdaq sink deep into red as Iran tensions and soaring oil prices fuel fresh inflation fears across Wall StreetUS stock market crash today shocked Wall Street after US CPI inflation jumped to 3.8%, the highest level in three years. The Dow Jones fell...
Quote of the Day by Nobel winning economist Milton Friedman, “If you put the federal government in charge of the Sahara Desert...” – Does Friedman's critique of government still apply in 2026? What does this powerful quote reveal about government efficiency, economic freedom, and modern life lessons?Quote of the Day by Nobel winning economist Milton Friedman: Global public spending has crossed $30 trillion in 2026. Efficiency remains a ...
Why Delhi’s Copernicus Marg is named after astronomer who influenced Galileo Galilei & Johannes Kepler; What is his India connect?Copernicus Marg in New Delhi honours Nicolaus Copernicus, a European scientist. He proposed the Sun-centered universe model. This road's na...
Is Elon Musk 'right' about 'magic money computers': Myth, misunderstanding, or a hidden truth?Elon Musk recently claimed that the U.S. government operates 14 'magic money computers' to create money. While experts say his statement is...
ET Explains: Modern monetary theoryMMT which gained mainstream attention in the late eighties and early nineties is based on the premise that governments should be allowed to...
The dollar is America's currency but it's everyone's problemThe huge borrowing programme of the US has resulted in a national debt of almost $31tn, making it the world's biggest borrower. The debt gr...
View: Why it's time for India to give Modern Monetary Theory a chanceStandard economics books don't teach us this. But seen in this new light, GoI does not need our money (taxes or borrowings) to spend. It is...
Why emerging markets are wary of a modern monetary fixComing amid a sharp increase in public expenditure, Democratic presidential candidate Joe Biden’s $2 trillion clean energy plan shows a dis...
We need whatever it takes approach to rejuvenate growth: Anand MahindraIndia must get over the fear of an adverse rating from rating agencies, he said, adding that the government needs to support banks and the ...
No free lunches: Raghuram Rajan says monetisation by RBI has a cost and cannot be everlastingHe said central banks in many emerging markets are resorting to such strategies and disagreed with votaries of the "modern monetary theory"...
Market may see second and third rounds of selloff in the near term: Mahesh NandurkarI am more optimistic about the markets from a one-year perspective, says MD of Jefferies.
- Modern Monetary Theory’s all the rage, but deficits still matter for Wall Street
The problem is that with the financial system already inundated by over $16 trillion of Treasuries, banks constrained by crisis-era rules h...
We are moving from globalisation to slowbalisation: Chetan Ahya, Morgan Stanley"We've moved away from the benign environment and continuous uncertainty hurting corporate confidence."
Modern monetary theoryHigh spending can lead to a break-out of high inflation.
Something like MMT is coming, whether we like it or not: DalioThe MMT doctrine says that governments should manage their economies through spending and taxes.
Buffett joins scorn of modern monetary theory and ‘danger zones’Powell has said the concept of MMT is “just wrong.”
Fed’s Powell trashed MMT, but Wall Street sees room for US to try itLast week, Federal Reserve Chair Powell described that school of thought as “wrong.’’
- The anti-history boys
I would tell you this is the latest episode in a long history of similar bubbles, crashes, crises and recessions.