Radical economic ideas grab attention…

An advocate for radical Modern Monetary Theory is an adviser to Democratic presidential candidate Bernie Sanders Photo: Bloomberg

Our economic guardians at Federal Treasury and the Reserve Bank sound increasingly uneasy about some policy choices being made offshore.

Since the global financial crisis, quantitative easing has pumped trillions of dollars into major economies with limited success. More recently central banks in Europe and Japan have opted for negative interest rates in a bid to kick-start growth.

On Tuesday the Treasury Secretary, John Fraser, pointed out that we’ve now been in an “experimental stage” with monetary policy for more than seven years…

Read The Sydney Morning Herald article.