The depth of the crisis has been a glue for the Democratic Party. But Republicans will not resign to defeat. The first proof will be the mid-term elections in the autumn of 2022.
The essential claim of Modern Money Theory (MMT) is sovereign currency issuing governments, with flexible exchange rates and without foreign currency debt, are financially unconstrained.
The different political responses to the economic consequences of the coronavirus pandemic. The cases of China, Japan and the United States. The European response, and the questionable approach in Italy and Spain.
