Tag Archives: currency monopoly

MMT economists have been saying that the government acting through its central bank has this power as currency monopolist to manage the yield curve in addition to setting the policy rate, if it chooses to use it.  What difference does this make? The 5 and 10 year rates serve as benchmarks for commercial lending. Since housing is such an integral part of the economy, mortgage rates are especially influential and it has been argued that central bank interest setting acts primarily through...

Has the president figured out that the currency issuer has a monopoly on the currency and can set prices in markets rather than be a price taker?Sputnik InternationalTrump Urges DoD to Purchase Twice as Much Military Equipment at Half Price