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Christine LaGarde, president of the ECB, goes all in "MMT" in the sense of the basic principle being that a currency sovereign has a monopoly over the currency as the sole currency issuer. In the EZ, that would be the ECB, to whom European nations have ceded currency sovereignty by treaty.Progressive PulseMore confirmation that Central Banks create moneyPeter Mayhttp://www.progressivepulse.org/economics/more-confirmation-that-central-banks-create-money
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Christine LaGarde, president of the ECB, goes all in "MMT" in the sense of the basic principle being that a currency sovereign has a monopoly over the currency as the sole currency issuer. In the EZ, that would be the ECB, to whom European nations have ceded currency sovereignty by treaty.Progressive PulseMore confirmation that Central Banks create moneyPeter Mayhttp://www.progressivepulse.org/economics/more-confirmation-that-central-banks-create-money
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Mike Norman considers the following as important:
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Christine LaGarde, president of the ECB, goes all in "MMT" in the sense of the basic principle being that a currency sovereign has a monopoly over the currency as the sole currency issuer. In the EZ, that would be the ECB, to whom European nations have ceded currency sovereignty by treaty.
More confirmation that Central Banks create money
Peter May
http://www.progressivepulse.org/economics/more-confirmation-that-central-banks-create-money