>Greece isn't a country. That's an interesting world view. I can't say I've had anyone argue this way. >It's a component of the Eurozone. In that system the E

>Greece isn't a country. That's an interesting world view. I can't say I've had anyone argue this way. >It's a component of the Eurozone. In that system the ECB is the government. Greece doesn't have a government? >All countries issue currency as spending because that's how banking works - even if they settle up into something else by the end of the day. Intraday banking can't work any other way. I don't follow sorry. Could you explain this a little more in depth? >Politicians are elected so they are entitled to spend what they can get past the legislature - and nobody else should be able to stop them. Otherwise we don't live in a democracy. The Greek socialists who caused their current predicament absolutely had every right to do what they did. >You don't need Revenue and taxation. Taxes for revenue is an obsolete concept as Beardsley Ruml pointed out in the 1940s. Honestly have't seen any of you MMT folks in over a year. >As is the idea of fractional banking systems. They don't exist. Loans create deposits, and always have. As the Bank of England explained very clearly in 2014. They don't exist? Just like Greece isn't a country?