#131 Fadhel Kaboub: Free Trade Isn't Free: Food Sovereignty And Why It Matters
The MMT Podcast with Patricia Pino & Christian Reilly
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The Power of Rule Makers in the Economy
In countries where the government issues a floating exchange rate, non convertible currency, there is only one way for the government to spend. And that's by instructing its fiscal agent, its central bank, to mark up bank accounts using key strokes. The point is that for governments like these that spend using key strokes, the notion of running out of money is applicable. In the following conversation, you'll hear us talk about a thing called monetary sovereignty, which more or less is a measure of how much agency a state has over the being used by its population.
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