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In my third article about Modern Monetary Theory (MMT), I try to understand the policies of the Carney government through the lense of this new way of looking at public finance.
https://open.substack.com/pub/billhulet/p/modern-monetary-theory-part-three
He wasn't exactly sphynx-like in the speech I was thinking of. He spoke with eloquence, but directly and plainly. It did indeed seem clear that he sincerely believes that the existing banking system — which he had a hand in running for so long — operates in service of the public good.