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Financial Empire w/ Daniela Gabor & Ndongo Samba Sylla
The Dig
What Is Important About Monetary Sovereignty?
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M mt m mty is not a theory about monetary sovereignty, he says. But there are aspects of molitar sovereignty which are not taken into account. For example, if you have your own national currency but don't control the banking sector and financial sector, well, you don't have a national currency. So that means that you have to take into account the banking sector. You have to, as danielhas said, financial repression. I know thedey no classical use that to say that is bad, but you have to have some kind of finacial repression.
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