M.M.T.’s fans include Alexandria Ocasio-Cortez, Bernie Sanders — and financial analysts at Goldman Sachs, Nomura and GMO. Source: NYT > Business – PATRICIA COHEN
Economic View: Modern Monetary Theory Makes Sense, Up to a Point
Urgent goals might justify more debt for a while, the economist Robert Shiller says, but this does not license unlimited spending or endlessly accelerating debt. Source: NYT > Business – ROBERT J. SHILLER
He’s No ‘Sycophant’ for Trump, Expected Fed Nominee Says
In an interview, Stephen Moore maintained his view that rate increases were wrong, but said he regretted his harsh criticism of Federal Reserve Chairman Jerome H. Powell over them. Source: NYT > Business – JIM TANKERSLEY and NEIL IRWIN
Egypt Looks to Offshore Gas Field for Growth and Influence
A natural gas discovery could bolster the economy and revive the country’s regional clout. But Egyptians battling unemployment and inflation might gain little. Source: NYT > Business – CLIFFORD KRAUSS and DECLAN WALSH
Your Money Adviser: A Tip to Take Advantage of Higher Online C.D. Interest Rates
With online banks offering certificates of deposit that pay more than 2 percent, some experts suggest putting cash in several C.D.s with different terms. Source: NYT > Business – ANN CARRNS
As Trump Moves to End Trade War With China, Business Asks: Was It Worth It?
The United States is poised to roll back most of its tariffs as part of a trade deal with China but farmers and businesses wonder if the cost of the trade war was worth it. Source: NYT > Business – ANA SWANSON and JIM TANKERSLEY