What’s wrong with economic policy?
When orthodox economic ideas failed to get the United States economy back on track, less conventional monetary policy measures like quantitative easing quickly became mainstream. But despite the Fed’s efforts, the economy is still stalled and unemployment remains high. Is it time to look beyond the old economic thinking that has failed to do the job?
Warren Mosler and Robert Murphy offer two radically different approaches to getting the economy going again. As Murphy puts it, “We’re both saying the government should change what it’s doing, and we have a difference in what we think that should be.”
But what should government do? Read more