How Banks Should Engage with Stablecoins: Issue, Partner, or Integrate Stablecoins are no longer a theoretical innovation. They are now operating as production-grade financial infrastructure, suppo...
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Credit Limit Confusion Sends Consumer Spending Packing Credit limits have traditionally been treated as a mechanical feature of card programs: a numeric ceiling determined by algorithms, credit sco...
#Credit #Cards #alternative #credit #credit #issuers #credit […]
[Original post on pymnts.com]
#ETFs account for about a quarter of the total universe of investment vehicles, up from 9% a decade ago -- #issuers have been busier than ever this year, having launched more than 640 #ETFs, a record-setting pace that comes to about 4 per day, chart @markets
So, the #key takeaway is that sovereign currency #issuers have a special ability to create money and use it to manage the economy, while currency #users have to work within the #limits of the money they can obtain.
Imagine the economy as a game where there are different players. Some players can create points out of thin air (sovereign currency #issuers), and others have to earn points by playing the game (currency #users).
Sovereign currency #issuers have a unique capacity to manage their economies without the #solvency constraints faced by currency #users, which has profound #implications for #fiscal and #monetary policy.
#MMT emphasises that for #sovereign #currency #issuers, discussions about #government #spending should not be framed around the #fear of #deficits or the need to "find" #money to pay for programs.