Eddie Hobbs: There is no golden goose people. Just debt and the capacity to repay it

There is absolutely no proof that Modern Monetary Theory (MMT) can replace the global financial system, argues Eddie Hobbs.
Eddie Hobbs: There is no golden goose people. Just debt and the capacity to repay it

There is absolutely no proof that Modern Monetary Theory (MMT) can replace the global financial system, argues Eddie Hobbs.

File image of a woman wearing face mask walks past a bank electronic board showing the Hong Kong share index at the Hong Kong Stock Exchange in March 2020. Picture: AP Photo/Vincent Yu
File image of a woman wearing face mask walks past a bank electronic board showing the Hong Kong share index at the Hong Kong Stock Exchange in March 2020. Picture: AP Photo/Vincent Yu

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