Question
8a. Summarize the neoliberal and Modern Monetary Theory arguments related to government debt, as well as the middle-ground position. 8b. What types of policies would
8a. Summarize the neoliberal and Modern Monetary Theory arguments related to government debt, as well as the middle-ground position. 8b. What types of policies would a neoliberal economist advocate for? What about a Modern Monetary Theory economist? 8c. Who would benefit more and who would bear more of a cost from each of these two sets of policies? 8d. Based on our discussion in class, how do preferences for the neoliberal vs. MMT arguments seem to relate to views on the economy's ability to self-correct, the proper size and role of the government, and ideology more generally?
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