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Turner lecture on "monetary financing"


rogermunibond
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http://www.cass.city.ac.uk/news-and-events/news/featured-news/are-concerns-over-inflation-inflated

 

Highly recommend.  Basically, in certain circumstances, monetary finance is okay.  In other circumstances, watch out.  Too many of the macroeconomic principles used by today's commentators apply only to certain specific "stable periods."  Applies much more to the UK, where austerity policies are creating problems.

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