L. Randall Wray

There was never a strong argument for adopting the Euro, and the weaknesses have been exposed. Currency union without fiscal union was a mistake.

Comments and responses on the Modern Money Primer Part 28.

Even if the government ties its hands behind its back and its shoes together, it makes no difference – the balance sheets still balance.

Comments and responses on the Modern Money Primer Part 27.

A country might choose to use a foreign currency for domestic policy purposes. Here, however, we are examining a nation that does not issue a currency at all.

Comments and responses on the Modern Money Primer Part 26.

A country that floats its exchange rate can enjoy domestic policy independence and free capital flows. A country that pegs its exchange rate must choose to regulate capital flows or must abandon domestic policy independence.

We must have fundamental reform and MMT shines a light on the path we need to take. Randy Wray’s keynote speech at the 2011 CofFEE Conference.

Comments and responses on the Modern Money Primer Part 25.