An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Actual nominal negative yields on the debt of even non-monetary sovereigns like Germany in recent history indicate that the deficits of a monetary sovereign like the US can be financed with negative yields/interest on its sovereign debt.
So Overt Monetary Finance is actually too timid a use of monetary sovereignty and indicates that MMT advocates do not yet understand the risk-free nature of fiat or else refuse to consider policies that de-privilege the banks by charging them and other large users of fiat for their usage.
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Actual nominal negative yields on the debt of even non-monetary sovereigns like Germany in recent history indicate that the deficits of a monetary sovereign like the US can be financed with negative yields/interest on its sovereign debt.
So Overt Monetary Finance is actually too timid a use of monetary sovereignty and indicates that MMT advocates do not yet understand the risk-free nature of fiat or else refuse to consider policies that de-privilege the banks by charging them and other large users of fiat for their usage.
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