Modern Money Primer

Comments and responses on the Modern Money Primer Part 30.

As an accurate description, this part of MMT should be accepted by anyone, no matter what their theoretical, political, or ideological persuasion.

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.