Argentina has foreign denominated debt. What does MMT say about a currency issuing nation?
That it cannot go broke on debt denominated in its own currency.
Clearly that means Argentina is not the death blow against MMT.
You'd have to be an idiot to say that.
That it cannot go broke on debt denominated in its own currency.
Clearly that means Argentina is not the death blow against MMT.
You'd have to be an idiot to say that.
Argentina is pegged 3 to 1 to the US Dollar.
A pegged currency isn't free floating as MMT will suggest provides maximum policy space and I would say it is just as stupid to peg to another currency as to peg to a commodity.
A pegged currency isn't free floating as MMT will suggest provides maximum policy space and I would say it is just as stupid to peg to another currency as to peg to a commodity.
External constraints can be a real disaster. Pegging you can ur currency to a commodity or another currency is a bone headed move.
So much f anyone ever says something "less than" like "bbbbut MMT... Hyperinflation... Argentina..."
Know you arent dealing with an unserious person and you shouldnt waste a lot of time if they double down. Move on. They ain't worth your time.
Know you arent dealing with an unserious person and you shouldnt waste a lot of time if they double down. Move on. They ain't worth your time.
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