Summary:
Makes the same point as the MMT economists do. The way the government chooses to book its accounts is irrelevant to its financial position as the currency issuer instead of being a currency user. The reality remains the same even though the institutional arrangements may look different.The CornerA technical view of helicopter money and the monetisation of debt Hans-Jörg Naumer | Allianz
Topics:
Mike Norman considers the following as important: central banking, debt monetization, MMT
This could be interesting, too:
Makes the same point as the MMT economists do. The way the government chooses to book its accounts is irrelevant to its financial position as the currency issuer instead of being a currency user. The reality remains the same even though the institutional arrangements may look different.The CornerA technical view of helicopter money and the monetisation of debt Hans-Jörg Naumer | Allianz
Topics:
Mike Norman considers the following as important: central banking, debt monetization, MMT
This could be interesting, too:
Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.
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Michael Hudson writes International Trade and MMT with Keen, Hudson
The Corner
A technical view of helicopter money and the monetisation of debt
Hans-Jörg Naumer | Allianz