Articles
Articles and analyses from the INET community on the key economic questions of our time.
Article
Modern Monetary Inevitabilities
For all the talk of Modern Monetary Theory representing a brave new frontier, it is easy to forget that the United States has gone down this road before, when the US Federal Reserve financed the war effort in the 1940s. Then, as now, the question is not about government debt, but about the debt’s purpose and justification.
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Macroeconomic Stimulus à la MMT
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How to Ruin a Country in Three Decades
Italy’s austerity-fueled crisis is a warning to the Eurozone
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A Belief in Meritocracy Is Not Only False: It’s Bad for You
Despite the moral assurance and personal flattery that meritocracy offers to the successful, it ought to be abandoned both as a belief about how the world works and as a general social ideal.