Paul Krugman adopts key MMT talking point
But Canada has its own currency, which means that its government can’t run out of money, that it can bail out its own banks if necessary, and more. An independent Scotland wouldn’t. And that makes a huge difference.
He then goes on to explain the difference between Florida (a non-issuer) and the United States (the issuer of the dollar), and explains how Scotland (as a non-issuer of the pound) could end up just like Spain (a non-issuer) in the EU (the issuer of the Euro).
Years of struggle to establish the truth, and now Krugman presents it as conventional wisdom.
Victory, really, at least on that one point.