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.
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Sunday, September 22, 2013
Matias Vernengo — The position of the dollar was enhanced by the crisis
All the talk about an impending run on the USD due to "printing money" was wildly mistaken.
Possibly the USD was enhanced more by the inherent problems of the Euro than by the crisis as such. I.e. even if there had been no banking crisis, the disparities in competitiveness as between core and periphery in the Eurozone would have come to a head anyway at some stage.
Possibly the USD was enhanced more by the inherent problems of the Euro than by the crisis as such. I.e. even if there had been no banking crisis, the disparities in competitiveness as between core and periphery in the Eurozone would have come to a head anyway at some stage.
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