Why Do Some Countries Peg Their Currency to Others? скачать в хорошем качестве

Why Do Some Countries Peg Their Currency to Others?

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! To learn more about Modern Monetary Theory, check out our podcasts! https://www.macroncheese.com Please help our Real Progressives efforts and become a monthly donor! At PayPal https://paypal.me/RealProgress At Patreon   / realprogressives   RealProgressives.org https://realprogressives.org/donate/ Check our website: https://action.realprogressives.org Macro N Cheese Podcasts: https://realprogressives.org/macro-n-... Follow us on Facebook!   / rpinaction   Follow us on YouTube:    / realprogressives   Follow us on TikTok:   / real_progressives   Follow us on Twitter:   / rp_in_action   Follow us on Instagram:   / rpinaction   Follow us on Twitch:   / realprogressinaction   #MMT #MMTARMY #RealProgressInAction