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View Diary: Keynesian Deficit Doves vs. MMT Deficit Owls (15 comments)

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  •  Countries running the system. (4+ / 0-)

    (Almost) Every Country in the world has a currency policy where MMT applies.  That is - A non-convertible currency with a floating exchange rate.

    Now, just because they have this system doesn't mean that they understand the system.  No currency government fully understands the implications of their non-convertible floating exchange-rate currencies.  If they did, they would become very prosperous, very quickly.

    Our Dime Understanding the U.S. Budget

    by maddogg on Mon Jun 27, 2011 at 07:42:02 AM PDT

    [ Parent ]

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