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Financial Bailout Spending Would Have Almost Paid for Thirty Years of Climate Crisis Mitigation

Updated: May 2, 2023

This paper (edited version published in the Review of Radical Political Economics 52(4) 2020) demonstrates that the money created by the Fed for the three Year 2008-2011 financial bailout would have paid for almost thirty years 2020-2050 of global climate crisis mitigation. It also points out that Modern Monetary Theory thinking is useful for differentiating the easy to solve financial spending problem from the more difficult problems of economic resource reallocation and social equity, and that the amount of spending, taxing and rationing, necessary for each of these goals will likely be different. Read the full study at the link below:


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