Showing results for "Apocalypse" in Economics

Any ambitious proposal - ranging from fixing crumbling infrastructure to Medicare for all or preventing the coming climate apocalypse - inevitably sparks questions: how can we afford it? How can we pay for it? Stephanie Kelton points out how misguided those questions really are by using the bold ideas of modern monetary theory (MMT), a fundamentally different approach to using our resources to maximise our potential as a society.

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We are currently in an unprecedented economic environment and the hospitality industry is one of the hardest hit. Anyone going into the short term rental or hotel business never could have imagined circumstances in which worldwide travel would be completely halted indefinitely. Some experts say we will be in this global “lockdown” mode for as long as three months with negative economic impacts lingering afterward.... Which begs the question.... "What the heck are we gonna do?"