Comments by "gerhard7" (@gerhard7323) on "This Is What They Don't Tell You About Money And Gold | Prof. L. Randall Wray" video.

  1. US economist Wray is, famously, an advocate for MMT. MMT is fine as long as the economy is forever reasonably robust, growing sufficiently to absorb the debt/money creation and isn't overly reliant on borrowing in a foreign currency as others often are. Thus far, broadly, the US for numerous reasons, including most pertinently its exorbitant privilege, is able to pursue the MMT path but that path, VERY obviously, isn't open to others. To conclude then he isn't 'wrong' per se, but what he's claiming here can really only be applied to the US and not to others for, I think, glaringly obvious reasons.
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