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
Mike Norman considers the following as important: central banking, debt monetization, MMT
This could be interesting, too:
Bill Mitchell writes More political interference from the central bank – oh but its independent!
Bill Mitchell writes RBA governor adopts a political role to his discredit
Bill Mitchell writes RBA governor denying history and evidence to make political points