The MMT Podcast with Patricia Pino & Christian Reilly cover image

#7 Steven Hail: Inflation, Price Shocks And Other Misunderstandings

The MMT Podcast with Patricia Pino & Christian Reilly

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Resilience of the British Economy

This chapter analyzes the resilience of the British economy amidst potential currency depreciation, debunking fears of vulnerability. It discusses historical contexts, particularly the approach of past leaders like Thatcher, and the dynamics of fixed versus floating exchange rates. The conversation emphasizes the enduring influence of economic fundamentals over political anxieties and the complexities of sustaining fixed exchange rates.

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