The FT says its time for the Bank of England to start direct funding of the government: modern monetary theory has won the day

The FT is continuing to face reality as it considers what to do in the face of the coronavirus crisis. It has an editorial today that concludes: The scale of today’s downturn means even the most direct monetary financing, such as “helicopter money”, or handing cash to the public, should remain an option. That’s pretty […]

source https://thebtrader.com/2020/04/07/the-ft-says-its-time-for-the-bank-of-england-to-start-direct-funding-of-the-government-modern-monetary-theory-has-won-the-day/?utm_source=rss&utm_medium=rss&utm_campaign=the-ft-says-its-time-for-the-bank-of-england-to-start-direct-funding-of-the-government-modern-monetary-theory-has-won-the-day