Warren Mosler-en How Could Euro Nations Start A New Currency?
Warren Mosler, father of Modern Monetary Theory, answering a question about how a Euro country could switch to its own currency. Mosler outlines the steps that would be involved. In Mosler’s proposal, the government would simply switch its taxing and spending to the new currency, without forcing anybody to convert their savings, and without trying to convert the existing Euro debt.
Note that at 3:26, Mosler says “Lira debt” when he should have said “Euro debt.”