Heterodox
What happens when a business runs at a loss? If it happens for long enough, eventually it’ll go bust. So why should it be any different for the government? Doh. Another Johnny-come-lately who still hasn't heard that the government is the currency issuer and that everyone that uses the currency must obtain it ultimately from the issuer as the monopoly provider.Therefore, currency users are financially constrained, whereas a government that is sovereign in its currency is not constrained...
Read More »Bill Mitchell – The government is not a household and imports are still a benefit
A key post on MMT. Plus, it is short. Bill Mitchell – billy blogThe government is not a household and imports are still a benefitBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Read More »