The MMT experiment is just a sugar hit, we need productivity reforms to promote sustainable prosperity
With Blackstone and Oaktree showing interest there’s a wide range of possible outcomes on the Crown hybrids
Lex Greensill, Softbank, credit insurers, fund managers and BaFin all played a part in billions being lost
The RBA admits that rising house prices are creating financial stability issues, but it expects APRA to clean up its mess
For credit veterans Greensill’s downfall isn’t a surprise with many common red flags long associated with this business
If central banks take away the metaphorical punch bowl, the party would quickly become a riot with asset prices trashed
Neoliberalism has lost the marketing battle, but the evidence points to its key tenets producing the best outcome for both rich and poor members of society.
MMT’s claim that governments can print money is true, but there’s substantial negative consequences which are neither immediate nor blatantly evident to the untrained observer