A Green New Deal is not difficult to finance. The European political elite simply do not want one, instead creating a Brown Deal giving billions of public money to corporations involved in fossil fuels, cars, airlines, airports, tourism.
The IMF, which until the crisis of 2008 was the temple of orthodoxy, has begun a revision of those principles; at least in theory, because often the prescriptions have not moved away from the traditional dogma..
Il Fondo monetario, che è stato il tempio dell’ortodossia e ha imposto in modo implacabile i dettami del “Washington consensus”, ha, almeno nella teoria, iniziato una revisione di quei principi.
The essential claim of Modern Money Theory (MMT) is sovereign currency issuing governments, with flexible exchange rates and without foreign currency debt, are financially unconstrained.
Le diverse risposte politiche nella lotta contro le conseguenze economiche della pandemia. I casi della Cina, del Giappone e degli Stati Uniti. Le decisioni europee e il discutibile approccio in Italia e Spagna.
