Great evening with Mr. Priyavrata Mafatlal Vice-Chairman at Arvind Mafatlal Group, thanks for his inspirational talk on fifth generation corporate experiences and innovative challenges. Delighted to be part of Startup Saturdays from Startup ME, an idea of Siby Sudhakaran Sec. General IBPC. Impressive startups journey briefs. Thanks everyone related.
Do you believe we’ve “crossed the Rubicon” where that means policymakers are increasingly inclined to view the world through the lens of Modern Monetary Theory even if they insist they’re doing no such thing? If the answer is “yes,” you’ll be forgiven. The superfluous middleman notwithstanding, central banks are engaged in debt monetization. That’s been true for a long time, of course. What’s new is that the “match” between government borrowing and central bank bond-buying became so glaring following the pandemic that the charade was difficult to obscure, even in countries where the public isn’t exactly famous for its capacity to grasp nuance (e.g., the US). The figure (below) is about as straightforward as it can be.