Depressionberg condemns MMT as RBA gobbles his bonds

WTF is this world that we are living in! Via the AFR:

Treasurer Josh Frydenberg has strongly resisted suggestions to embrace so-called modern monetary theory (MMT), whereby governments force central banks to print money to fund fiscal expenditure.

…”I never thought as a Liberal Treasurer that I would be here with the highest deficit and the debt,” Mr Frydenberg told the annual Citi Investment Conference on Wednesday.

There are 795 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.