Dalio says something like MMT is coming, whether we like it or not
“The shift is well under way, Dalio said. With interest rates pinned near zero in Europe and Japan, and likely to head back there in the U.S. when the economy falters, the fiscal-policy takeover is ‘by and large what has been happening’ already.”
USAGOLD note: There is something to be said for Dalio’s observation that MMT is a natural progression from what is happening already . . . The calls for lower interest rates, permanent quantitative easing, the huge federal government budget deficit, new calls for trillions to be spent on infrastructure – all point in the same direction.
Repost from 5-3-2019