Real Progress In Action | Why Do Some Countries Peg Their Currency to Others? @RealProgressInAction | Uploaded June 2023 | Updated October 2024, 19 hours ago.
Steve explains how some countries particularly those in the Global South that do not produce their own food, energy and high value exports are often forced to peg their own currencies to that of a more stable currency like the US Dollar. This often results in them borrowing heavily in said currency which in turn makes their own currency worth less.
#GlobalSouth #Currency #LearnMMT
Link to full The Rogue Scholar episode: youtube.com/live/qGwi1aGyfxA?feature=share
We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.
What is Modern Monetary Theory?
Modern Monetary Theory is the correct understanding of Macroeconomics.
It proves the following:
1) Taxes don't fund government spending and
2) Deficit spending is good most of the time.
Simple Economics Facts:
Government deficit = Private sector surplus
Government debt = private sector savings
The constraint on government spending is the availability of real assets/resources in an economy, not the federal budget!
To learn more about Modern Monetary Theory, check out our podcasts!
macroncheese.com
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Steve explains how some countries particularly those in the Global South that do not produce their own food, energy and high value exports are often forced to peg their own currencies to that of a more stable currency like the US Dollar. This often results in them borrowing heavily in said currency which in turn makes their own currency worth less.
#GlobalSouth #Currency #LearnMMT
Link to full The Rogue Scholar episode: youtube.com/live/qGwi1aGyfxA?feature=share
We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.
What is Modern Monetary Theory?
Modern Monetary Theory is the correct understanding of Macroeconomics.
It proves the following:
1) Taxes don't fund government spending and
2) Deficit spending is good most of the time.
Simple Economics Facts:
Government deficit = Private sector surplus
Government debt = private sector savings
The constraint on government spending is the availability of real assets/resources in an economy, not the federal budget!
To learn more about Modern Monetary Theory, check out our podcasts!
macroncheese.com
Please help our Real Progressives efforts and become a monthly donor!
At PayPal
paypal.me/RealProgress
At Patreon
patreon.com/realprogressives
RealProgressives.org
realprogressives.org/donate
Check our website:
action.realprogressives.org
Macro N Cheese Podcasts:
realprogressives.org/macro-n-cheese-podcast
Follow us on Facebook!
facebook.com/RPinAction
Follow us on YouTube:
youtube.com/c/realprogressives
Follow us on TikTok:
tiktok.com/@real_progressives
Follow us on Twitter:
Twitter.com/RP_In_Action
Follow us on Instagram:
instagram.com/rpinaction
Follow us on Twitch:
twitch.tv/realprogressinaction
#MMT
#MMTARMY
#RealProgressInAction
