Not much happening regarding MMT these days.
Herer is an anecdotal report on Russian banking. And, yes, you read that right. You get 24% not the bank.
Doctorow is an American residing in Brussels who spends a good deal of time in Russia. His wife is Russian and he is fluent in Russian. A "Russianist," he has a a PhD in history (Harvard) and is a retired business person. His reporting does not conform to the narrative.
Gilbert Doctorow—International relations, Russian affairs24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three
Gilbert Doctorow
3 comments:
It's bizarre they haven't worked out that such a payment is bound to stoke rouble price rises.
Nothing ever going to happen until they address the basic deficiency in their academic methodology…
MMT UK has devolved into a cheering section for terrorists…
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