Excellent explanations of monetary sovereignty. Looking forward to learning more. I am a huge believer in Modern Monetary economics and their descriptions of the actual mechanics of our money system. I get quite worked up about politicians and even educated professionals talking endlessly about how our taxpayer money is being spent and how it is revenue for the federal reserve. I am a fan of Stephanie Kelton, Steve Keen, Randall Wray and all the others in the MMT economic community.
Thank you very much for sharing this great article. I wonder, when you talk about external debt, are you only referring to government debt? If external debt is held by private entities, how does that affect a country's monetary sovereignty?
Excellent explanations of monetary sovereignty. Looking forward to learning more. I am a huge believer in Modern Monetary economics and their descriptions of the actual mechanics of our money system. I get quite worked up about politicians and even educated professionals talking endlessly about how our taxpayer money is being spent and how it is revenue for the federal reserve. I am a fan of Stephanie Kelton, Steve Keen, Randall Wray and all the others in the MMT economic community.
Yeah, I totally agree with you. Thanks for the positive comment. :-)
Dear Jim,
Thank you very much for sharing this great article. I wonder, when you talk about external debt, are you only referring to government debt? If external debt is held by private entities, how does that affect a country's monetary sovereignty?
Best regards