Re:Disturbing Rise of Modern Monetary Theory (MMT)
by kortilla on Monday January 21, 2019 @03:36PM
(#18963394)
The difference is that money had to be paid back. Issuing loans is significantly different than the government taking on arbitrary amounts of debt and spending it all.
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Re:Disturbing Rise of Modern Monetary Theory (MMT)
by dv_dt on Monday January 21, 2019 @04:23PM
(#18963745)
Uh, I think you are possibly mistaking TARP (which did need to be paid back) for Quantitative Easing (which did not). QE wasn't a loan, and the assets purchased by the Fed only recently started being returned, and there is no requirement to repurchase the assets by the same entity they were purchased from.