James Anderson: The era of modern monetary theory has arrived

Stimulus the end of 40 years of 'neo-liberalism'

David Brenchley
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James Anderson of Baillie Gifford
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James Anderson of Baillie Gifford

Dramatic Government intervention post-Covid-19 in the form of aggressive fiscal stimulus will herald the end of 40 years of so-called 'neo-liberalism', as well as the "entire history of orthodox financial thought back to Adam Smith", according to Baillie Gifford's James Anderson.

Governments have followed central banks in attempting to protect their economies and workers as the coronavirus pandemic has seen most economic activity cease as a result of worldwide lockdowns. In...

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