An MMT Economist Explains Why China Should Boost Fiscal Spending
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Calls are growing louder for China’s government to boost fiscal stimulus regardless of high debt levels in the economy, an approach that’s drawn comparisons with an unconventional economic theory gaining popularity in the U.S.
One proponent of Modern Monetary Theory as it relates to China is Yan Liang, a professor at Willamette University in the U.S, who is writing a book on the subject. She began her studies in China and then continued them in the U.S. under MMT advocates like Randall Wray and Stephanie Kelton.