Discover and read the best of Twitter Threads about #monetarysovereignty
Most recents (3)
📢#MiCA is complete!
The landmark #crypto regulation sets out uniform 🇪🇺 requirements for offerors of #cryptoassets and service providers (#CASPs) to apply for authorisation in the Single Market.
👀🧵for a full dive on #MiCA and what it means for the #cryptoindustry.
1/22
The landmark #crypto regulation sets out uniform 🇪🇺 requirements for offerors of #cryptoassets and service providers (#CASPs) to apply for authorisation in the Single Market.
👀🧵for a full dive on #MiCA and what it means for the #cryptoindustry.
1/22
Even though a better agreement was close last week, 🇫🇷 vetoed it during the 🇪🇺 MS intervention period & raised concerns on USD-denominated #stablecoins used as a "means of #exchange", suggesting a return to their restriction when used for #settlement purposes ❗️
2/22
2/22
The compromise was to at least clarify that USD-#stablecoins used for spot #trading would NOT be captured.
The final text was approval by #COREPER yesterday and @EP_Economics will do it on 10/10. Final adoption by Ministers and the Parliament’s Plenary will be end of Oct.
3/22
The final text was approval by #COREPER yesterday and @EP_Economics will do it on 10/10. Final adoption by Ministers and the Parliament’s Plenary will be end of Oct.
3/22
#THREAD
So if you have any doubt about this being a #ParadigmShift, check this out. A colleague from the humanities is teaching a social science class this semester. She decided to introduce her students to different theories about #money. 1/n
So if you have any doubt about this being a #ParadigmShift, check this out. A colleague from the humanities is teaching a social science class this semester. She decided to introduce her students to different theories about #money. 1/n
Naturally (dare I say?), a basic intro to #MMT was in order. One of the sources was episode 2 of the @MMTpodcast by @christreilly (a comedian) & @PatriciaNPino (an engineer) discussing #MMT & #MonetarySovereignty. 2/n
pileusmmt.libsyn.com/2-monetary-sov…
pileusmmt.libsyn.com/2-monetary-sov…
I'm told that this sparked a very lively discussion that will continue in class next week. I've always said that this paradigm shift will not take place under the leadership of mainstream economists & their admirers. 3/n
@matslats this podcast clarifies for me some parallels between #MMT thinking and #MutualCredit. I think it may give us some clues as to direction in market making.
Mostly relates to #MonetarySovereignty
1/n
Mostly relates to #MonetarySovereignty
1/n
Defn is spelled out for a country that has #MonetarySovereignty:
1/ issues own currency
2/ takes taxe, fees etc in own currency
3/ only issues debt denominated in own currency
4/ attempts stable exchange rate wrt other stable currencies.
2/n
1/ issues own currency
2/ takes taxe, fees etc in own currency
3/ only issues debt denominated in own currency
4/ attempts stable exchange rate wrt other stable currencies.
2/n
Primary causes of loss of #MonetarySovereignty :
1/energy deficits
2/lack of self sufficiency in food
3/imports high added value goods
4/exports low added value goods.
3/n
1/energy deficits
2/lack of self sufficiency in food
3/imports high added value goods
4/exports low added value goods.
3/n
