Quote of the Day by Nobel winning economist Milton Friedman: Global public spending has crossed $30 trillion in 2026. Efficiency remains a ...

Copernicus Marg in New Delhi honours Nicolaus Copernicus, a European scientist. He proposed the Sun-centered universe model. This road's na...

Elon Musk recently claimed that the U.S. government operates 14 'magic money computers' to create money. While experts say his statement is...

MMT which gained mainstream attention in the late eighties and early nineties is based on the premise that governments should be allowed to...

The 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...

Standard 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...

Coming amid a sharp increase in public expenditure, Democratic presidential candidate Joe Biden’s $2 trillion clean energy plan shows a dis...

India must get over the fear of an adverse rating from rating agencies, he said, adding that the government needs to support banks and the ...

He said central banks in many emerging markets are resorting to such strategies and disagreed with votaries of the "modern monetary theory"...

I am more optimistic about the markets from a one-year perspective, says MD of Jefferies.

The problem is that with the financial system already inundated by over $16 trillion of Treasuries, banks constrained by crisis-era rules h...

"We've moved away from the benign environment and continuous uncertainty hurting corporate confidence."

High spending can lead to a break-out of high inflation.

The MMT doctrine says that governments should manage their economies through spending and taxes.

Powell has said the concept of MMT is “just wrong.”

Last week, Federal Reserve Chair Powell described that school of thought as “wrong.’’

I would tell you this is the latest episode in a long history of similar bubbles, crashes, crises and recessions.