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The Dig: Financial Empire w/ Daniela Gabor & Ndongo Samba Sylla

Jacobin Radio

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M Mte, a Theory of Monetary Sovereignty

M mte for me is not a theory about monetary sovereignty. They only talk of monetary sovereignty as the capacity of the sovereign issue to pay its obligation in its own currency. But there are aspects of molitar sovereignty, for example, which are not taken into account. That means that if you have your own national currency and you don't control the banking sector and the financial sector, well, you don't have a national currency. It's not a national currency, so it can't work. So that means that you have to take into accountthe the banking sector. You have to, as danela said, financial repression. I know they dey no classical use that to say

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