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Modern Monetary Theory – entering adoption phase
By Kean Chan  •  July 5, 2020
Whenever there’s an economic ideology that is gaining traction, I try to keep an open mind about it and stay abreast. I’ve noticed throughout history that when the dominant economic ideology of the day changes, their effects are typically felt over years and decades. After all it was Lord Keynes who wrote that:
‘The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.’
That is why...
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By Kean Chan
Born and based in Singapore, Kean is fascinated with financial markets and global macro investing since a teenager. At keanchan.com, he records his thoughts on the world and archives his experience of mistakes and lessons and hopes that they are useful for viewers from all around the world. He is obsessed with reading widely across various fields, loves to jog and wishes he has more time for golf. While proficient with English, Mandarin and German, he is trying his best to improve his Cantonese and hopes to pick up French some day. Kean was a Toastmaster with ACB accreditation, and is a charter holder of the Chartered Alternative Investment Analyst Association (CAIA).
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