The MMT Podcast with Patricia Pino & Christian Reilly cover image

#126 Dirk Ehnts: How Banks Create Money

The MMT Podcast with Patricia Pino & Christian Reilly

CHAPTER

Is the European Commission a Good Idea to Impose Austerity on a Country?

"It's not a good idea to give the european commission this authority to impose austerity on a country," he says. "I thing, i think we all know in the erozone that the fisca rules don't work." The e c b is breaking new ground with its pandemic emergency purchase programm, writes Pissarides. 'The very big question is, what he's going to be doing?' asks Hiddleston.

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