Economics
Economists Who Want You to Rethink the Deficit Gather in Downtown NYC
- Modern Monetary Theory proponents convene in New York Friday
- Meanwhile, a Columbia conference parses future Fed frameworks
Photographer: Craig Warga/Bloomberg
This article is for subscribers only.
It’s a contrast for the economic history books.
Proponents of modern monetary theory -- the idea that for countries like the U.S., the government’s ability to borrow in its own currency isn’t constrained, even if its real resources are -- will gather this weekend, starting Friday, at the New School in New York’s Greenwich Village.