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

Comments

2020: The Year in Visual Stories and Graphics

By Unknown Author from NYT U.S. https://ift.tt/3pCtFQ5

Stock indices give up early gains on Fed announcement

Indian stock indices ended marginally higher on Thursday, giving up most of the early gains as investors assessed the impact of US Federal Reserve's signal to end its ultra-accommodative policy by March and then raise interest rates thrice in 2022 to contain inflation. from Economic Times https://ift.tt/3s96G3H

India sees record 10.6L tests in a day, total crosses 4cr

The exponential jump in testing capacity and the number of tests have resulted in an upsurge in tests per million to 30,044, the health ministry said, underlining the role of aggressive testing in early identification of positive cases and their contacts. from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/3hJrc2D

Delhi to India

Search This Blog