MMT suggests governments can spend until we reach full employment. But does that work in smaller countries with a trade deficit?
A quarter percent rate cut is expected from the RBA today. NAB’s Rodrigo Catril explains why, as well as examining the sharp fall in the Kiwi dollar and bad news expected from Japan today.
Could business resume sooner rather than later? Equities are behaving as though we will. Also EU finance ministers fail to reach agreement on stimulus, oil spikes on hopes of a supply settlement, and Bernie Sanders pulls out of the Presidential race. https://t.co/packx2Mun4
If the EU can’t fix the crisis in Italy and Spain without those nations incurring massive debt, will the southern nations pull out of the European experiment? I ask @ProfSteveKeen https://t.co/6lcTiuKfbU Support Steve at https://t.co/aO1AJXSNnk