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Zeitpunkt              Nutzer    Delta   Tröts        TNR     Titel                     Version  maxTL
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Sa 20.07.2024 19:08

@economics-that-works

9 min

Is it possible to devalue a nation’s currency to the point a billionaire can purchase the nation?

I would think MMT/Keen would note that by slashing government deficit, Milei has slashed the country’s monetary supply, and pillaged its people’s bank accounts. Usually the private banking system dramatically expands credit in these circumstances leading to a bubble and then collapse (see Great Depression). 🧵

youtu.be/ij3EL_MUQWk

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