MMP Blog #31: FUNCTIONAL FINANCE: Monetary and Fiscal Policy for Sovereign Currencies
This week we begin a new topic: functional finance. Today we will lay out Abba Lerner’s approach to policy.
This week we begin a new topic: functional finance. Today we will lay out Abba Lerner’s approach to policy.
As promised, this week I will begin try to dispel the view that coins used to be commodity monies.