Advertisement
Advertisement
Freshly printed US$20 notes are processed for bundling and packaging at the US Treasury's Bureau of Engraving and Printing in Washington, DC, in July 2018. Independent central banks provide a check on governments’ money creation. Photo: AFP
Opinion
Opinion
Macroscope by Anthony Rowley
Unlimited government spending? Modern monetary theory is a seductive but dangerous idea
- As recession looms and monetary easing options dwindle, the theory that governments can ‘borrow from themselves’ to finance unlimited spending is becoming attractive. But it hinges on complicit central banks buying up government debt
Updated: 11:44pm, 1 Sep, 2019
Advertisement
TOP PICKS
Freshly printed US$20 notes are processed for bundling and packaging at the US Treasury's Bureau of Engraving and Printing in Washington, DC, in July 2018. Independent central banks provide a check on governments’ money creation. Photo: AFP
READ FULL ARTICLE
Advertisement
Advertisement
SCMP TODAY: INTL EDITION
Get updates direct to your inbox
By registering, you agree to our T&C and Privacy Policy
Thank you for your subscription.
You can also view our other newsletters.
Products & Services
Our Sites
DOWNLOAD THE SCMP APP
Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved.
Post
Share