Vincent Deluard of INTL FCStone lays out a compelling case that it's the wrong time to implement modern monetary theory (MMT) in the US.
, it may be the wrong place and wrong time for the US to consider implementing such a measure.
That all traces back to the perception that the US dollar will always be an anchor of value. If that idea vanishes, Deluard warns that the positive effects of MMT would be more than offset by decreased income as the dollar gradually loses its reserve status. "The US is the worst place for a large scale MMT experiment," he said."[MMT's] failure to consider its international dimension is its greatest weakness."With all of that established, Deluard wants you to know that he's not a staunch opponent of MMT by any means. He just isn't a fan of its implementation in the US right now.
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