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GSY - It's Time To Look More Carefully At 'Monetary Policy 3 (MP3)' And 'Modern Monetary Theory (MMT)'
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This article is for folks who are interested in economics, especially about how monetary and fiscal policy will work differently in the future. It will focus on Monetary Policy 3 (the new type that we will see more of around the world) and Modern Monetary Theory (a recently proposed new approach that has received a fair amount of attention). It comes in two parts. The first part is important for folks who care about such stuff but it's a bit wonky and the second which shows historical cases is very wonky so feel free to