dgp4indy

Modern Monetary Theory

Venezuelan Inflation Was Not Caused by Printing Too Much Money

"There is, of course, a  hyperinflation problem in Venezuela. But it did not result from printing too much paper. And it's crass to say it is. I am not, when saying so, also suggesting that the government has no part in the problems the country faces: it obviously has. But let's have a mature debate and explanation, and not this nonsense that suggests the printing press is the route to hell in a monetary handcart."
http://www.taxresearch.org.uk/Blog/2018/08/21/venezuelan-inflation-was-not-caused-by-over-printing-money/

Don't Put London Bankers In Charge Of Scotland's Independence

"I would have thought Mackay would be frustrated enough with the absurd constraints he has to live with now. But to use sterling would make his life nigh on impossible. Why then does he want to go down that route? I wish I knew. Economically it makes no sense. The political economy of it is disastrous. It would tear the SNP apart after independence. And it would guarantee a crisis-strewn start for the new nation as it failed to deliver on any promise and all its potential.If Scotland wants to be free it has to have its own currency. Nothing less will do." - Professor Richard Murphy.