MMP Blog #52: Conclusion: The Nature of Money
Let us close this blog and this Primer with an examination of three propositions on the nature of money. This has been a long and difficult blog. You might need to read it twice. Or three times.
debt
Blog Responses: Retrospective on MMT
There was one substantive and flawed comment on the MMT Retrospective, so I will deal with that here.
MMP Blog #29: What about a country that adopts a foreign currency? Part Two
There was never a strong argument for adopting the Euro, and the weaknesses have been exposed. Currency union without fiscal union was a mistake.
MMP Blog #28: Government Spending with Self-Imposed Constraints
Even if the government ties its hands behind its back and its shoes together, it makes no difference – the balance sheets still balance.
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.