(1) Why are bond yields so subdued? (2) Modern Monetary Theory is the flavor of the day. (3) Kelton says federal deficits don’t matter until they matter to inflation. (4) Politicians, naturally, love MMT. (5) Link between deficits and inflation isn’t what it once was. (6) Other than Starbuck’s ex-CEO, does anyone hate deficits anymore? (7) Taking a walk on the supply side. (8) The CBO is so old school.
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