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.
The trouble with being export led is that you have to come up with a way of taking the scrip of your customer, because you're not buying anything real from them that they produce.
However you try and hide it, holding foreign savings is nothing more than holding a promise of future output from that area. A promise that will rightly be cancelled if you take military action against an ally of that area.
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Truth by repeated assertion.
The trouble with being export led is that you have to come up with a way of taking the scrip of your customer, because you're not buying anything real from them that they produce.
However you try and hide it, holding foreign savings is nothing more than holding a promise of future output from that area. A promise that will rightly be cancelled if you take military action against an ally of that area.
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