Steve Keen on How Austerity works…: Yes, of course I’m being ironic. But you never know how many people who actually believe that it does work might click on View.
The essential insight of Modern Monetary Theory (or “MMT”) is that sovereign, currency-issuing countries are only constrained by real limits. They are not constrained, and cannot be constrained, by purely financial limits because, as issuers […]
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