Business
Purple House and MMT: new money creation is real, it is not a “leftist” conspiracy – Michael West News
They should call it MMP not MMT, Modern Monetary Practice, not Modern Monetary Theory. RBA Deputy Governor Guy Debelle has endorsed it.
In the corporate press they are indignant. They think purple houses are a “Leftist” conspiracy.
“You can’t paint the house purple,” they cry. “You just can’t do it!”
They are doing it though. There…
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