Post
If you understand Modern Monetary Theory (MMT), please let me know if you are also desperate to understand why MMT proponents seem unconcerned that there is effectively only one sovereign state and only one state whose status as global-reserve-currency-issuer is (de jure!) higher than that of any other.
#economics #MMT #MonetaryPolicy #InternationalLaw #geopolitics
@resl I wouldn’t say I understand MMT, apart from thinking it looks pretty, but I think I understand that dollar denominated debt kinda messes with the program, by preventing a nation from inflating their way out to the detriment of the holders.
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