Wang Shuo: Printing Money Is Not the Solution You Think It Is

Caixin Global | May 25, 2020 at 8:16 PM
  • Modern Monetary Theory (MMT) has recently become a popular topic of discussion in Europe and the U.S. To a significant extent, the theory seems to fit the economic situation of the past decade or so.
  • If the central bank is not independent, the government can directly use central bank money and does not need to go through the parliament to levy taxes for its spending.
  • It can be hard for a central bank to remain independent as it grows more powerful.