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Home / Mike Norman Economics / Governments cannot borrow in their own currencies, but they can provide places of safe deposit for savers, and it is essential that they do — Richard Murphy

Governments cannot borrow in their own currencies, but they can provide places of safe deposit for savers, and it is essential that they do — Richard Murphy

Summary:
Proposal for the incoming government of Germany to avoid legally imposed fiscal austerity through creative problem solving.Tax Research UKGovernments cannot borrow in their own currencies, but they can provide places of safe deposit for savers, and it is essential that they doRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forumhttps://www.taxresearch.org.uk/Blog/2021/12/06/governments-cannoit-birrow-in-their-own-currencies-but-they-can-provide-places-of-safe-deposit-for-savers-and-it-is-essential-that-they-do/

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Proposal for the incoming government of Germany to avoid legally imposed fiscal austerity through creative problem solving.

Tax Research UK
Governments cannot borrow in their own currencies, but they can provide places of safe deposit for savers, and it is essential that they do
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum

https://www.taxresearch.org.uk/Blog/2021/12/06/governments-cannoit-birrow-in-their-own-currencies-but-they-can-provide-places-of-safe-deposit-for-savers-and-it-is-essential-that-they-do/
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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