For countries that pass the threshold conditions, MMT says the only real constraint on government spending is inflation.
For Andy Mukherjee's latest contributions to The Japan Times, see below:
Don’t be surprised if those retiring in 2035 need an extra five years or more of future income because of longevity alone.
The Indian government, too, has a toxic dependence on tobacco. It’s called ITC Ltd.
Almost 9 out of 10 Indian farmers have less than five acres. A majority carry on reluctantly, barely able to scratch out a living.
Amid the drumbeats of a U.S.-China cold war, the Southeast Asian island-state is often talked about as a sanctuary for capital looking to flee the clash of superpowers.
Plenty of hard work still lies ahead for the military-backed Palang Pracharath Party.
A national digital currency is an experiment worth trying.