#johnmenadue's @StephenWilliams
If #Whitlam and his advisers had understood #modernmonetarytheory (#MMT, although it was not formulated until decades later) there would likely have been no loans affair.
Central to MMT is the principle that a #monetarysovereignnation is one with (i) its own #currency; (ii) a #floatingexchangerate; (iii) #nosignificantborrowings in a #foreigncurrency; and (iv) its own #centralbank to create the money it needs.
https://johnmenadue.com/the-whitlam-government-a-new-perspective/
#currency #johnmenadue #centralbank #foreigncurrency #nosignificantborrowings #floatingexchangerate #monetarysovereignnation #whitlam #mmt #modernmonetarytheory
Exness Việt Nam sẽ chia sẻ đến bạn đôi nét về tỷ giá này cũng như sự khác nhau giữa tỷ giá cố định và tỷ giá thả nổi chi tiết tại:
https://forexno1.net/floating-exchange-rate/
Hastag: #exness #sanexness #exnessvietnam #exnesscom #forexno1net #floatingexchangerate
#floatingexchangerate #forexno1net #exnesscom #exnessvietnam #sanexness #exness
Exness Việt Nam sẽ chia sẻ đến bạn đôi nét về tỷ giá này cũng như sự khác nhau giữa tỷ giá cố định và tỷ giá thả nổi chi tiết tại:
https://forexno1.net/floating-exchange-rate/
Hastag: #exness #sanexness #exnessvietnam #exnesscom #forexno1net #floatingexchangerate
#floatingexchangerate #forexno1net #exnesscom #exnessvietnam #SanExness #exness