What role does money play in macroeconomic systems? Modern Macroeconomic Theory: a way of thinking impervious to attack? Left thinking?

Answering these questions has been the subject of intense debate in recent times, especially in the last two years, in which it has even led to political debates in congresses, assemblies and even political campaigns. However, the most brilliant minds of the modernist current defend the thesis of this thought as the search for balance for the world macroeconomic system.

The keywords are "Balance and Compensation"
This would replace the marked tendencies to control the variables of the economy via interest rates and taxes.
Governments currently have all the freedom to generate the money they need to finance their projects, so it is naive to think that the deficit can be controlled by reducing fiscal spending, increasing taxes or interest rates.

Books Macroeconomics - 2019
Bill Mitchell

Source Image: freepik

[Original Text by: @tomas.enrique]