Shane writes: >The left-hand diagram is the picture of monetary insanity--the fantasy that a monetarily-sovereign country's currency can ever be threatened by the financial effects (short of cost-push inflation) of deficit spending.<
not all countries are monetarily sovereign. At the same time I draw the picture, I explain its limitations. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
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