Why Do Some Countries Peg Their Currency to Others?

Описание: Steve explains how some countries particularly those in the Global South that do not produce their own food, energy and high value exports are often forced to peg their own currencies to that of a more stable currency like the US Dollar. This often results in them borrowing heavily in said currency which in turn makes their own currency worth less.

#GlobalSouth #Currency #LearnMMT

Link to full The Rogue Scholar episode: https://www.youtube.com/live/qGwi1aGy...

We believe all materials used in this video fall under Fair Use as defined in Section 107 of the Copyright Act of 1976.

What is Modern Monetary Theory?
Modern Monetary Theory is the correct understanding of Macroeconomics.
It proves the following:
1) Taxes don't fund government spending and
2) Deficit spending is good most of the time.

Simple Economics Facts:
Government deficit = Private sector surplus
Government debt = private sector savings
The constraint on government spending is the availability of real assets/resources in an economy, not the federal budget!

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