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Why Emerging Markets Are Wary of Modern Monetary Theory
While MMT may be the de facto policy of rich Western governments, applying it to developing economies could be disastrous.
While MMT may be the de facto policy of rich Western governments, applying it to developing economies could be disastrous.
STORY CONTINUES BELOW
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This episode is sponsored by Crypto.com and Nexo.io.
Today’s Long Reads Sunday is a reading of Andy Mukherjee’s piece: “Why Emerging Markets Are Wary of a Modern Monetary Fix”.
The argument is that while Western governments debate just how far we can take the idea of money printing without paying a dubious price, for emerging-market governments there simply isn’t the same capacity to print their way out of problems.
See also: The World Is Never Getting Off Government Stimulus
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
