AYA Analytica financial health memo March 2019
As of March 2019, this regular podcast is available on our Andy Yeh Alpha fintech network platform . Congresswoman Alexandria Ocasio-Cortez proposes greater public debt finance with minimal tax increases for the Green New Deal . Congresswoman Alexandria Ocasio-Cortez proposes greater public debt finance with minimal tax increases for the Green New Deal. In accordance with the modern monetary theory, the central bank can print money to support greater govrnment expenditures without tax increases as greater labor participation helps close the economic output gap. In reality, however, the modern monetary theory seems bizarre to many eminent economists such as Paul Krugman and Lawrence Summers. For the fiscal year 2019-2020, the Trump budget proposal would increase defense expenditures by 5% with 30% budget cuts to health care and environmental protection. For better border security and immigration, Trump asks for another $5 billion public finance to fulfill his c e ampaign promise ...