The notion of free money for all is a deeply seductive one. Photo: EPA
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Even in China, there’s no magic money tree. Modern monetary theory is an illusion

  • Can governments really just print money to fund public spending? Only if you want to end up like Venezuela or the Soviet Union

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The notion of free money for all is a deeply seductive one. Photo: EPA
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