Deficit Owls | MMT: Won't We End Up Like Greece?! @deficitowls5296 | Uploaded August 2016 | Updated October 2024, 4 hours ago.
Professor Stephanie Kelton (UMKC and economic advisor to Bernie Sanders) on why a nation with a sovereign floating exchange rate currency can always make its payments, and can't be forced to default on its debt. This is not the case for nations in the Eurozone, which gave up the ability to issue their own currency when they adopted the Euro. Those nations are users and not issuers of the Euro, and therefore the market decides what interest rates they pay.
See the whole talk here: youtube.com/watch?v=khaypwRG5C0
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
Professor Stephanie Kelton (UMKC and economic advisor to Bernie Sanders) on why a nation with a sovereign floating exchange rate currency can always make its payments, and can't be forced to default on its debt. This is not the case for nations in the Eurozone, which gave up the ability to issue their own currency when they adopted the Euro. Those nations are users and not issuers of the Euro, and therefore the market decides what interest rates they pay.
See the whole talk here: youtube.com/watch?v=khaypwRG5C0
Like Deficit Owls on Facebook: facebook.com/DeficitOwls
