MMT: Bond sales don’t fund govt; they manage liquidity conditions & interest rates. That’s a CBs job so CBs should issue bonds
Critics: Even if true it could only apply to the US like all of MMT
MMT: Philippines says “hi”
Polish CB has been issuing its own bonds since decades. They do this to manage liquidity of the banking sector.
The ECB has offered time deposits as well, which is functionally the same thing.
2020 uzt. 2