It's Wednesday and today I consider the current yen situation which is causing some hysteria…
Letter from The Cape Podcast – Episode 20
Episode 20 of my – Podcast – Letter from The Cape – is now available. Coming today from The Cape, Victoria, Australia.
In this episode, I discuss recent media commentary on Japan, which exposes falsehoods about Modern Monetary Theory (MMT) that prevail even among people who have held high-level positions in government policy-making departments.
Duration: 10:06
This is the final episode for 2023.
We will return in February 2024.
Thank you!
It looks like Percy Allan, the bureaucrat who “spent his Treasury career trying to balance government budgets” was working in the state sector, NSW.
That is, for all the relevance of his experience he might as well have been the Greek Treasury Secretary.