Another keeper Godley quote. His prediction of a deflationary bias is coming true — in spades.
Wynne Godley on what it means for a nation not to have its own currency
Lars P. Syll | Professor, Malmo University
See also
The Case for Concerted Action
Noam Chomsky On Propaganda And Indoctrination
V. Ramanan
1 comment:
Yet the citizens of a nation may not even use their Nation's fiat, except for mere physical fiat, aka "cash." Instead they must use bank deposits.
Who considers what THAT means for the citizens?
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