BL PREMIUMA monetary sovereign government is one that issues its own currency. It taxes its population in the same currency. It issues debt that is denominated in its own currency. The fourth condition is that it does not fix its currency; it has a floating exchange rate, according to Fadhel Kaboub, a modern monetary theory economist.
Technically, such a government cannot default on its debt. It has the policy space to achieve its macroeconomic policy objectives, the most important of which is the achievement of full employment. The only limit to state spending is inflation or the availability of real resources that can be purchased.
Nonsensical Stuff. We need to use gold and silver as money. Those things can't be inflated, deflated, printed or done with as these parasites please, like they do to current bogus money called Fiat currency.
Paywall. But let me guess. Supports printing money.
If unlimited printing money out of thin air made you wealthy, Zimbabwe or Venezuela would rule the world.
How when we are not even a reserve currency? Depending on foreigners to borrow us their R1 trillion? What will happen to the Rand if they sell off of this?
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA Covid-19 death toll rises to 247SA has recorded 13,524 positive cases of Covid-19 as of Friday. And while we are in lockdown. Who would of thought that? JohnSpeaksForMe Wait until level 3 lockdown is in function 🙆♀️....its gona explode new doors to a world of danger Why don't they report the circumstances around the deaths anymore...whether the patient had comorbidities or not...at first it was a prevalent finding...now is it just by the way....because I can get hit by parked car tomorrow and die...will my certificate be Corona?
Source: TimesLIVE - 🏆 28. / 59 Read more »
Two British nationals fined for illegally entering SA during the lockdownTwo British nationals were fined R50,000 each for illegally entering SA during the lockdown. They entered from where? Should be fined in pound terms. Send them back immediately
Source: TimesLIVE - 🏆 28. / 59 Read more »
The week in picturesIn pictures: Parts of Europe reopen as SA announces plans to ease lockdown restrictions
Source: BDliveSA - 🏆 12. / 63 Read more »
Two British nationals fined for illegally entering SA during the lockdownActing regional court prosecutor Ronitha Singh told the Durban regional court on Friday that the offences were serious as the men entered SA during a state of disaster. White privilege 🤔 Very serious indeed, they must be jailed and serve their time in SA akere ba e rata that much But if they CAME FROM A AFRICAN COUNTRY NO PROBLEM THEY WILL GET FREE MEDICAL MONEY AND A GOOD CHANCE OF A RDP HOUSE. Oh and we have always been in a state of disaster.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
SA Covid-19 death toll rises to 247SA has recorded 13,524 positive cases of Covid-19 as of Friday. Si zwile izolo u minister Zweli Mkhize kudala wa ithetha le ndaba To be fair. We are definitely doing better than 90% of the planet. Every day will be historical record before we reach the peak time
Source: TimesLIVE - 🏆 28. / 59 Read more »