Just how is this magic created? The spurring of demand in the midst of a covid-created depression. The wizards at the Fed and Treasury have created an intoxicating frothy brew for stock and home buyers alike.
Europe's path to long-term stagnation should serve as a reminder for the United States, again, of why it is not advisable to follow the eurozone policies. The results are invariably disastrous.
Syndicalism is a method of attack by organized labor for the attainment of certain political ends. It requires widespread acts of destruction on "capitalist" institutions as a means of ushering in a socialist regime.
President López Obrador of Mexico has surprisingly been a voice of fiscal sanity, refusing to embrace the sorts of enormous stimulus packages that are now so popular worldwide.
Proponents of modern monetary theory have come up with their own idiosyncratic definition of savings in support of their theory. But the common usage of the term shows MMT doesn't work the way its supporters think it does.
During June 2020, year-over-year (YOY) growth in the money supply was at 34.47 percent. That's up from May's rate of 29.5 percent, and up from June 2019's rate of 2.04 percent.
