View: Why it's time for India to give Modern Monetary Theory a chance

Standard economics books don't teach us this. But seen in this new light, GoI does not need our money (taxes or borrowings) to spend. It is the State that creates money, so it can never run out of it. This is the most liberating idea behind Modern Monetary Theory.

from Economic Times https://ift.tt/3zMajfX

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By BY SUI-LEE WEE from NYT World https://ift.tt/37VG5N0

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from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/31Qst0i

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Delhi to India

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