1. Here& #39;s @RashidaTlaib in July last year asking the Fed to commit to buying state/local government debt in a recession.
https://nymag.com/intelligencer/2019/07/aoc-is-making-monetary-policy-cool-and-political-again.html">https://nymag.com/intellige...
https://nymag.com/intelligencer/2019/07/aoc-is-making-monetary-policy-cool-and-political-again.html">https://nymag.com/intellige...
2. Here& #39;s the WSJ on the Fed& #39;s new state/muni debt buying facility today:
https://www.wsj.com/articles/fed-announces-new-facilities-to-support-2-3-trillion-in-lending-11586435450">https://www.wsj.com/articles/...
https://www.wsj.com/articles/fed-announces-new-facilities-to-support-2-3-trillion-in-lending-11586435450">https://www.wsj.com/articles/...
3. Here& #39;s @RashidaTlaib on March 21 proposing that the Treasury sidestep the bond market and use Overt Monetary Financing to conduct fiscal policy: https://twitter.com/RepRashida/status/1241377540524126208">https://twitter.com/RepRashid...
4. Here& #39;s the Financial Times on the U.K. Government& #39;s decision to embrace monetary financing today:
https://www.ft.com/content/664c575b-0f54-44e5-ab78-2fd30ef213cb">https://www.ft.com/content/6...
https://www.ft.com/content/664c575b-0f54-44e5-ab78-2fd30ef213cb">https://www.ft.com/content/6...
5. Here& #39;s @paulkrugman on March 24 saying there was "no point" to using the #MintTheCoin approach to pay for fiscal policy.
https://twitter.com/paulkrugman/status/1242465244590428161">https://twitter.com/paulkrugm...
https://twitter.com/paulkrugman/status/1242465244590428161">https://twitter.com/paulkrugm...
6. Here& #39;s @paulkrugman today saying the U.K.& #39;s embrace of overt monetary financing is "basically the equivalent of minting a trillion dollar platinum coin" & shows "advanced countries that borrow in their own currencies don& #39;t face financing constraints"
https://twitter.com/paulkrugman/status/1248205705737314304">https://twitter.com/paulkrugm...
https://twitter.com/paulkrugman/status/1248205705737314304">https://twitter.com/paulkrugm...