#20 Warren Mosler: The MMT Money Story (part 1)
The MMT Podcast with Patricia Pino & Christian Reilly
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Debunking the Petrodollar Myth
This chapter explores the petrodollar's role within Modern Monetary Theory, addressing common misconceptions about oil transactions and currency exchange. The discussion emphasizes that the focus should be on actual goods exchanged rather than the currency used, illustrating the stability of a country's real wealth despite currency fluctuations.
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