#132 Phil Armstrong: Greece, The Euro & Getting The Money Story Right
The MMT Podcast with Patricia Pino & Christian Reilly
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The Central Bank Is Still a Bank
The idea of a central bank in its own currency going bankrupt is meanius. You can't go bankrupt with something if you issue it. Politically, i think lapewitzen and aguilla have much to commend. The problem is they are operating in too small a field. Ye knos like britishwel say, thy at, realize the state can do a lot more than they think it can. They haven't understood that if you don't dto re denominate all your debts, you could just issue a new currency by the greek bank and make taxes payable in that done deal. And as warren said, you create the biggest short squeeze in
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