I've just finished Stephanie Kelton's book on modern monetary theory (MMT), The Deficit Myth, which says much the same thing about any fiat currency: The issuer

I've just finished Stephanie Kelton's book on modern monetary theory (MMT), The Deficit Myth, which says much the same thing about any fiat currency: The issuer of a fiat currency is not bound by the same constraints as users of that currency. I'm not quite convinced (although I'm no economist), but it was an interesting "read" (audiobook). The Deficit Myth: https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy/dp/B087KJLKCC/ref=sr_1_1 https://www.amazon.com/Deficit-Myth-Monetary-Peoples-Economy... (not an affiliate link) A good MMT primer seems to be a Vox article by Dylan Matthews (TIL he's the son of Jim Matthews, creator of the Fetch FTP client), at https://www.vox.com/future-perfect/2019/4/16/18251646/modern-monetary-theory-new-moment-explained https://www.vox.com/future-perfect/2019/4/16/18251646/modern...