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More confirmation that Central Banks create money —— Peter May

Summary:
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 Pulse
More confirmation that Central Banks create money
Peter May
http://www.progressivepulse.org/economics/more-confirmation-that-central-banks-create-money
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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