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Reply To: Fiscal Deficit and Monetary Base
can, i *think* the confusion is due to different meanings of ‘base money’ with floating vs. fixed foreign exchange / convertible currencies. warren mosler explains here:...
View ArticleFiscal Deficit and Monetary Base
Hey guys, There is something that confuses me about fiscal deficits. In most MMT blogs, they say that Fiscal Deficts add to monetary base. Let’s do an hypothetical example. Let’s say government taxes...
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