Modern Monetary Theory & Practice. #1. Print your own money (as much as you think is necessary). #2. Send printed money to another country (acting as host proxy buyer for your countrys debt, i.e., govt bonds). #3. Sell your govt bonds (debt) to country you just sent your freshly printed money to, to buy your bonds. #4. Announce to world that your countrys economy (and your printed money) is strong because other countries are buying your bonds/debt (wow, strong demand). #5. Think of good name to fool public so they wont catch on to what youre really doing, i.e., Quantitative Easing, Abenomics, Yellenomics, Taperization, Untaperization, etc.
Posted on: Wed, 16 Apr 2014 05:56:04 +0000
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