Saturday , November 16 2024
Home / Mike Norman Economics / China will be poster child for developing countries MMT — Richard Mills

China will be poster child for developing countries MMT — Richard Mills

Summary:
Well, not exactly MMT-compliant, but close enough to be interesting. The basic idea, currency sovereignty, is OK. This means that a country that is sovereign in its currency doesn't need to obtain it because it issues it.Investorideas.comChina will be poster child for developing countries MMTRichard Mills

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Joel Eissenberg writes Access to medical care: right or privilege?

NewDealdemocrat writes Production turns more negative

Bill Haskell writes Lawler: Early Read on Existing Home Sales in October

NewDealdemocrat writes Real retail sales jump nicely, but we’re not out of the woods on consumption just yet

Well, not exactly MMT-compliant, but close enough to be interesting. The basic idea, currency sovereignty, is OK. This means that a country that is sovereign in its currency doesn't need to obtain it because it issues it.
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.

Leave a Reply

Your email address will not be published. Required fields are marked *