{"id":876,"date":"2019-03-09T09:03:07","date_gmt":"2019-03-09T08:03:07","guid":{"rendered":"https:\/\/stefan.schleicher.at\/?p=876"},"modified":"2019-03-09T09:03:07","modified_gmt":"2019-03-09T08:03:07","slug":"how-about-we-try-modern-monetary-theory-in-a-small-country-first","status":"publish","type":"post","link":"https:\/\/stefan.schleicher.at\/index.php\/2019\/03\/09\/how-about-we-try-modern-monetary-theory-in-a-small-country-first\/","title":{"rendered":"How About We Try Modern Monetary Theory in a Small Country First?"},"content":{"rendered":"\n<p>Modern Monetary Theory holds that a government able to borrow in its own currency need not  be constrained by budget deficits and debt \u2014 meaning that it can act  more boldly than economists have assumed, without negative consequences. <a href=\"https:\/\/www.nytimes.com\/2019\/03\/07\/upshot\/modern-monetary-theory-small-country-first.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"New York Times (opens in a new tab)\">New York Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Modern Monetary Theory holds that a government able to borrow in its own currency need not be constrained by budget deficits and debt \u2014 meaning that it can act more boldly than economists have assumed, without negative consequences. New York Times<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-876","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts\/876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/comments?post=876"}],"version-history":[{"count":1,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts\/876\/revisions"}],"predecessor-version":[{"id":877,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts\/876\/revisions\/877"}],"wp:attachment":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/media?parent=876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/categories?post=876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/tags?post=876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}