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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Thursday, September 29, 2016
Enrico Grazzini — Why Issuing Fiscal Money Could Help Exit The Italian (And Eurozone) Crisis
Along the lines that Warren Mosler proposed some time ago.
Fiscal Money, as a matter of fact, advances the value of future tax revenues. So it becomes the oxygen required to exit the liquidity trap, to increase income and create new wealth thanks to the Keynesian multiplier.
I liked this:
ReplyDeleteFiscal Money, as a matter of fact, advances the value of future tax revenues. So it becomes the oxygen required to exit the liquidity trap, to increase income and create new wealth thanks to the Keynesian multiplier.
The Euro should never have been more than a private currency - unacceptable by government.
ReplyDeleteAA, the govts actually created the EUR....
ReplyDelete