Finance & Fury Podcast

Welcome to Finance and Fury, the Furious Friday. Last episode, we went through the combination of monetary and fiscal policy, larger scale of QE and the quick introduction to modern monetary theory. Today I was going to go through the recovery of the economy today, but will  do more on modern monetary theory instead, as this is part of it and needs to be explained further before looking at the future working of the economy and how it is shaping up.   Conventional economics has struggled to explain much of what’s happening in the world today – Examples - How can we have record low inflation and interest rates at the same time? How can some governments continue to increase their deficits and yet their bond yields go down and currencies go up? How Governments issue bonds with a 30-year negative yield as who would buy them? Economists always are looking for new theories to explain these antithetical phenomena but also to rectify the problems created by the original theories This has triggered the current obso