Good one.
Bulgaria And Modern Monetary Theory (MMT)
Twitter dispute: MMT against professor Steve Hanke of Cato Institute, known as “the father of Bulgarian currency board” and the neo-liberal economist Vladimir Karolev
R. V. Markov | MMT in Bulgaria
Warren Mosler12 юли 2013, 10:49a currency board is an instrument of colonial exploitation, designed to force net exports in exchange for net financial assets via downward adjustment of real wages via 'deflation.' It's not wrong to call it a crime against humanity. www.moslereconomics.com
3 comments:
where's that mosler quote from?
@ y,
He commented under the twitter dispute published in my blog.
http://bulgaria-mmt.blogspot.com/2013/07/twitter-dispute-mmt-against-professor.html?showComment=1373640557231#c5585414556614242767
The point I hope is turned toward Germany - they do not want to deal with a rising Euro so they are deflating everyone but the Germans in their Euro zone.
That way austerity promotes German exports and retains German piggy bank savings without detriment to the German but to much chagrin to the Greek underling.
John Majors saved the UK by retaining the Sterling quid pro status quo !
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