(Bloomberg) BlackRock Chief Executive Officer Larry Fink said he’s not a proponent of modern monetary theory.“That’s garbage,” Fink said in an interview with Erik Schatzker on Bloomberg Television Thursday. “I’m a big believer that deficits do matter. I’m a big believer that deficits are going to be driving interest rates much higher and it could drive them to an unsustainable level.”
BlackRock CEO Fink Says Modern Monetary Theory Is ‘Garbage’
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