paulfromcamden
Baffled
Genuine question from me for MMT heads. The Investopedia article states "monetarily sovereign countries like the U.S., U.K., Japan, and Canada, which spend, tax, and borrow in a fiat currency that they fully control."
Where does this leave the rest of the planet? Does MMT advocate rich Western monetarily 'sovereign' nations spending as they wish but developing nations continuing to rely on taxation?
Where does this leave the rest of the planet? Does MMT advocate rich Western monetarily 'sovereign' nations spending as they wish but developing nations continuing to rely on taxation?