Markets and Your Money 

Modern monetary theory or magic money tree?

Modern monetary theory or magic money tree?

Who’s going to pay for it all? When the music stops, someone must pick up the tab. At least this is how the conventional wisdom goes. Governments around the world have injected massive amounts of stimulus to offset the shutting down of large swathes of the economy due to the pandemic. Central banks have marched in lockstep, hoovering up bonds to keep a lid on financial market stability and keep interest rates anchored at or near zero.

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