TL;DR: Kevin Warsh, the nominee for the next Federal Reserve Chair, is championing a revolutionary “AI-first” monetary policy. He argues that Artificial Intelligence is a massive productivity boom that acts as a structural disinflationary force, giving the Fed room to slash interest rates by as much as 100 basis points[Read More…]
Economy
Modern Monetary Theory (MMT) | Maybe The Biggest (and Riskiest) Bet for The World Economy. And Becoming Trendy.
Modern Monetary Theory (MMT) Modern Monetary Theory (MMT) is an economic theory according to which government can create more money since it is the issuer of that money. The underlying fact of this theory is that deficits and national debts do not matter as much as per the perception of[Read More…]
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