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Financial MarketsMoney and BanksMoney and Banking
Contrary to popular thinking, the velocity of money does not have a life of its own.
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In April, year-over-year growth in the money supply was at 1.99 percent. That was up slightly from March's growth rate of 1.92 percent, but was well down from April 2018's rate of 4.32 percent.
MMT is presently one of the most dangerous economic ideas out there, and should consequently attract our utmost attention.
Protectionism and Free Trade
Government injection of funds into trade finance prevents interest rates to rise, deepening malinvestments and precluding the readjustment of international trade after a crisis.
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