#16 Warren Mosler: Treasuries, Kilts, Fish & Chips
The MMT Podcast with Patricia Pino & Christian Reilly
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Exploring Scotland's Economic Dynamics
This chapter examines the discussions surrounding Modern Monetary Theory (MMT) and Scotland's fiscal dynamics, including its trade and government deficits. It analyzes how Scotland's financial relationships with the UK impact local governance and economic autonomy, while critiquing oversimplified views on deficit statistics. The speakers also explore the implications of currency and trade in the context of an independent Scotland, emphasizing the need to understand internal trade dynamics and government financing.
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