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 It a Neti Factor or Does It Matter?

In a financial crisis or economic crisis, you want to depreciate your currency so that imports from foreign countries are more expensive. That leads to an increase in aggregate demand when you need it most during the crisis. A country in iceland has shown that this has worked pretty well. The s b somehow is too powerful, because it can create the troca and help doing these things. It's also part of the dark side of the europe, the political dimension of the ros on dosen works.

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