New Economic Perspectives Collection
A growing archive of posts from all your favorite MMT greats, republished with permission from the original New Economic Perspectives blog.
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MMP Blog #25 Responses
Comments and responses on the Modern Money Primer Part 25.
MMP Blog #25: Currency Solvency and the Special Case of the US Dollar
We will look to the frequent claim that the US is “special”—while it might be able to run persistent government deficits and trade deficits, other countries cannot.
MMP Blog #26 Responses
Comments and responses on the Modern Money Primer Part 26.
MMP Blog #26: Sovereign Currency and Government Policy in the Open Economy
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.
MMP Blog #27 Responses
Comments and responses on the Modern Money Primer Part 27.
MMP Blog #27: What about a country that adopts a foreign currency? Part One
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.