What would happen if a Sovereign Currency Issuing Government with a floating exchange rate ran a Fiscal Deficit without Borrowing?

moneyThere is no nexus that demonstrates that borrowing has anything to do with “financing” government net spending. Borrowing is a monetary operation aimed at interest-rate maintenance.

 

Read more at: The Australian Independent Media Network

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s