On August 10, 2015, the Library of the Canadian Parliament released one of their In Brief research publications – How the Bank of Canada Creates Money for the Federal Government: Operational and Legal Aspects – which described the operational interactions between the Bank and the Canadian Treasury that facilitate government spending in some detail. It allows ordinary citizens to come to terms with some of the essential capacities of the currency-issuing Canadian government, which Modern Monetary Theory (MMT) highlights as a starting point towards achieving an understanding of how the monetary system operates....
Important!
Canada – MMT poster child?
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
2 comments:
https://torontosun.com/opinion/columnists/goldstein-its-2019-wheres-trudeaus-balanced-budget
Reading the comments section is like entering a Mental Asylum, worse a swamp full of primitive reptiles. Yeah I know its ignorance but who ever gave human beings the name Homo sapiens was a joker!
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