Posted Jun 21, 2019 by Martin Armstrong
Draghi has come out and said that is inflation will not pick up, he will do even more Quantitative Easing. I warned that the central banks, particularly the ECB, are trapped. They simply cannot return to any normal economic model without blowing up the entire Eurozone. This is becoming extremely serious. The only option for governments will be to adopt the Modern Monetary Theory for it has become impossible for central banks to use interest rates to stimulate the economy when governments themselves are the biggest borrowers.
I have put this all out in a book which is off at the printers and I hope will be available soon on Amazon. I have dealt with all the controversial issues and why the economic theories all still taught in universities today are no longer practical or relevant. This is why there is a turn to the Modern Monetary Theory for they have nothing else on the table to consider. Here it is. I have tried to deal with all the issues people have been writing in about in an authoritative manner. I have done this because it is extremely important and I have been told that funding for another documentary to cover this topic has not been granted.
We will let everyone know as soon as it goes up for sale.
Tags: Modern Monetary Theory