it describes currency as a public monopoly that governments utilise along with taxation to balance employment and inflation which is said to high national deficits that will lead to damaging inflation. However, during the Covid-19 pandemic we are experiencing a massive collapse in demand, which will have clear deflationary effects. Furthermore the pre-COVID global economy can be defined by chronically low inflation with a abundance of private capital and historically low interest rates, and if all countries need to increase their national debt at the same time this avoids currencies crises. Can it help soften the inevitable post-pandemic economic downturn from your perosnal option ?

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