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.
Showing posts with label pegged currency. Show all posts
Showing posts with label pegged currency. Show all posts
Friday, November 16, 2012
Have Fiat, Will Not Use It
They have their dinar, but don't know how to use it?
Can someone tell them that there is, however, a free lunch available at the dinar table?
It's apparently pegged to the $US. If they removed the peg, maybe they could get lunch for everyone.
Another classic case of class warfare, between a 1% fond of maintaining $US price stabililty for things they want, and a 99% interested in efficient access to more basic items such as food, housing & education. Does anyone know the details of why they cling to a pegged currency instead of agile sovereignty? Currency peg and sovereignty constitute an oxymoron.
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