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https://twitter.com/DanielaGabor/status/1788219853247070483The two papers are:
https://twitter.com/David_III_L/status/1653002155790331904The technique of consolidating gov is a widely use technique in economics. It consists in merging the central bank and treasury and calling that "the gov". Where things go wrong is in the public finance analysis that follows. 2/
https://twitter.com/saylor/status/15251548724961648651-Monetary systems are tools of systems of governance, a viable monetary system must be flexible to meet the needs of these systems.