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The problems of forgetting fiscal and monetary orthodoxy

Unlimited liquidity on the monetary side with exponential debt and deficits and without reforms generate the serious imbalances we have.

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The problems of forgetting fiscal and monetary orthodoxy

Unlimited liquidity on the monetary side with exponential debt and deficits and without reforms generate the serious imbalances we have.

We have been applying heterodox monetary policies for a decade, which have kept the official price of money at zero and negative interest on the marginal deposit facility, with negative returns on the debt of some

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