(alexsl/iStock via Getty Images Plus) Why Emerging Markets Are Wary of Modern Monetary Theory
While MMT may be the de facto policy of rich Western governments, applying it to developing economies could be disastrous.
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This episode is sponsored by Crypto.com and Nexo.io .
Today’s Long Reads Sunday is a reading of Andy Mukherjee’s piece: “Why Emerging Markets Are Wary of a Modern Monetary Fix”.
The argument is that while Western governments debate just how far we can take the idea of money printing without paying a dubious price, for emerging-market governments there simply isn’t the same capacity to print their way out of problems.
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