Read on Twitter
1. Here'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/intelligencer/2019/07/aoc-is-making-monetary-policy-cool-and-political-again.html
2. Here's the WSJ on the Fed'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/fed-announces-new-facilities-to-support-2-3-trillion-in-lending-11586435450
3. Here'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
4. Here's the Financial Times on the U.K. Government's decision to embrace monetary financing today:
https://www.ft.com/content/664c575b-0f54-44e5-ab78-2fd30ef213cb
https://www.ft.com/content/664c575b-0f54-44e5-ab78-2fd30ef213cb
5. Here'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/paulkrugman/status/1242465244590428161
6. Here's @paulkrugman today saying the U.K.'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't face financing constraints"
https://twitter.com/paulkrugman/status/1248205705737314304
https://twitter.com/paulkrugman/status/1248205705737314304
