Deficit Owls | MMT: Difference Between Currency Issuer and a Currency User @deficitowls5296 | Uploaded August 2016 | Updated October 2024, 5 hours ago.
Warren Mosler, one of the founders of Modern Monetary Theory, on the difference between a currency issuer and currency users. Currency users must collect the currency before they can spend it, while currency issuers must issue the currency before they can collect it.
This is even true under a gold standard or other fixed-exchange rate, except in those scenarios the amounts that can be spent or collected are more constrained.
See the whole video here: youtube.com/watch?v=cUTLCDBONok
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
Warren Mosler, one of the founders of Modern Monetary Theory, on the difference between a currency issuer and currency users. Currency users must collect the currency before they can spend it, while currency issuers must issue the currency before they can collect it.
This is even true under a gold standard or other fixed-exchange rate, except in those scenarios the amounts that can be spent or collected are more constrained.
See the whole video here: youtube.com/watch?v=cUTLCDBONok
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
