June 1 2017 at 12:35 pm
Richard, Thanks for this. It does raise a question for me though. zimbabwe must also have a money tree but things arn’t going quite so well for it. Is it down to a misdirection of the printed money?
Richard Murphy says:
June 1 2017 at 1:26 pm
A) it printed too much
B) it is riddled with corruption
C) it cannot borrow in its own currency
Why cannot it borrow in its own currency?
See point A).