This is problematic because not only does sound policy demand accurate theory, but he will never win over nay sayers if his argument is fundamentally the same as theirs.
Others have a no-exchange policy or demand that you return the product to one of their stores - a little tricky if they are thousands of kilomet ers away.
So for neo-chartalism to work as intended, budget-makers must both tighten policy once demand has been restored and inflation threatens and also be credible in their commitment always to do so.
On the other hand, using fiscal policy to manage demand can be dangerous because it is less flexible than monetary policy.
Its leader Julius Malema's signature policy is his demand to nationalize the country's mines.
But the prospect of Chinese economic officials tightening monetary policy has negative demand implications for raw commodities, including the precious metals.
The market on Tuesday shrugged off potentially bearish news that China has again tightened its monetary policy to reduce demand for commodities.
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With stimulative fiscal and monetary policy bolstering domestic demand, China's current-account surplus has shrunk by two-thirds, from 10% of GDP in 2007.
Fueled by low interest rates, sound fiscal policy and robust demand for its commodities, Brazil is a darling of emerging markets these days.
Both within and outside of the auto sector, the confluence of policy, consumer demand and automaker investment will boost employment and the economy as a whole.
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Slow progress in reforms to address industrial bottlenecks, a restrictive monetary policy and faltering demand from advanced nations have slowed India's economic growth to its lowest in a decade.
With the real possibility that the policy-driven demand for wind turbines would dry up in any given year, companies were understandably wary of investing in large manufacturing facilities in the United States.
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With any other economic policy you would rightly demand to see the facts.
The free school policy responds to local demand from parents.
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Following the 1985 Plaza Accord, the Bank of Japan launched an aggressive monetary policy easing to boost domestic demand.
As well as helping the Monetary Policy Committee to fulfil its inflationary aims, the quantitative easing policy has helped to stoke demand for gilts.
These competing views of America demand very different policy responses.
He said that with the global economy still struggling, "there are limits to the ability of domestic policy to stimulate private sector demand as the economy adjusts to a new equilibrium".
But Tony Grayling, associate director of the Institute for Public Policy Research (IPPR), warned that simply building to meet demand would repeat the mistake made in road policy during the 1980s.
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The notion that the supply of credit is passive, while demand is active and policy controlled, is self-contradictory.
The Obama administration now wants to shift from monetary policy to fiscal policy and provide direct stimulus of demand.
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If most unemployment is cyclical, not structural, the Fed could theoretically help by stimulating demand with easier monetary policy.
And in America the policy debate revolves almost entirely around demand, the wisdom of stimulus and the Bush tax cuts.
But those solutions lie far beyond the realm of tax policy, which aims to boost demand by heavily subsidizing home ownership.
It said it has no plans to review its policy as there is no customer demand or government requirement to do so.
As the world marks "Education for All Week", United Nations Educational, Scientific and Cultural Organization (UNESCO) urged policy makers to recognize the growing demand of trained teachers in order to provide quality education to all children in Pakistan.
Commodities have been rising on account of demand and loose monetary policy in the US, in particular, where near-zero capital costs have weakened the dollar and turned money managers onto hard assets like oil, gold, and agricultural commodities.
Is Mr Livingstone willing to abide by party policy or not, its staff officers demand?
The comments provoked concern among MSPs on the Scotland Bill Committee who are investigating the pros and cons of the policy, which forms a key SNP demand for inclusion in the legislation.
Some studies suggest that fiscal policy is better suited to steering nominal demand, because once implemented (where the delays currently lie), it affects the economy more swiftly than changes in interest rates.
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