On 2011-12-30, at 6:48 PM, nathan tankus wrote:
> MG: "A uniquely "Chartalist" position? Many economists and others across
> the political spectrum have stressed that the crisis is proving
> intractable for the PIIGS because they no longer have the power to
> devalue their own currency. The UK and Japan are more indebted than
> some of them, but they can print as many pounds and yen as they need
> to satisfy investors they won't default on their debt. Krugman is not
> being unorthodox here."
>
> Orthodoxy would disagree with you. I never said that it was a
> "uniquely" Chartalist position, as many very intelligent thinkers on
> this page would attest.
Have it your way, but you wrote "the fact that "advanced" countries that have their own currency aren't having the debt crisis euro countries are is pretty Chartalist."