Tag: randall wray

Ed Dolan Asks: What Does it Mean for Fiscal Policy to be “Sustainable”? MMT and Other Perspectives

Summary:  As we approach the fiscal cliff, economists of different schools offer radically different advice.  Austrians and Chicago-ians warn about the consequences of anything other than a fast austerity. Keynesian economists suggest continued deficits until the economic growth (and especially unemployment) return to acceptable levels.  And advocates of […]