SHAMUBEEL EAQUB: On free money

Wed, 13 May 2020

Sense Partners economist Shamubeel Eaqub was surprised recently to find that the Social Credit party had made him a poster-boy, along with various other well-known New Zealand economic luminaries, for the idea that all governments need do to fix their economic problems is print as much money as they need. Nothing in life is free. Yet there is growing momentum for what is commonly referred to as ‘modern money theory’ (MMT). The proponents say that as long as a nation has its own currency, it can and should print money to finance government sp...

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