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TIP462: What is money? w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
Can't the Central Bank Just Forgive the Government Debt?
Brett McKay: It's hard to talk about japan, macrocnomic terms without looking that huge deat burden they have. He says the whole concrux of this fia curente system runs on the premise that a central bank and the government have some degree of independence from each other. But it's still not like the president or ahead of a country, he can just go and tell the central bank head to do exactly what he wants,. If they do, they're more like a banana republic. And so going back to the premise, central banks are, at least in theory, supposed to be independent.
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