Nell´s comments on Mosler

["eperez" <eperez@xxxxxxxxx>]

In the case of some developing economies it  is
difficult to argue that it is the "state´s fiscal authority that
underlies the monetary system." Especially when tax evasion rates are
very high. The central bank provides currency stability not the
government.


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Esteban Pérez, UNITED NATIONS, ECLAC México
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