Christine LaGarde, president of the ECB, goes all in "MMT" in the sense of the basic principle being that a currency sovereign has a monopoly over the currency as the sole currency issuer. In the EZ, that would be the ECB, to whom European nations have ceded currency sovereignty by treaty.
More confirmation that Central Banks create money
Peter May
http://www.progressivepulse.org/economics/more-confirmation-that-central-banks-create-money
2 comments:
Reification error…
“ In the paper:
COMMITTEE ON ECONOMIC AND MONETARY AFFAIRS
MONETARY DIALOGUE WITH CHRISTINE LAGARDE,
PRESIDENT OF THE EUROPEAN CENTRAL BANK
There were discussions on money.
Although ‘Monetary dialogue’ sounds like something different – it isn’t…”
Yes it isn’t any different in that it won’t work…
Dialogic method doesn’t work for technical endeavors…. that’s why the Science Degree was established in 1860… on moon 100 years later…etc..
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