Elsewhere on Wednesday,
- Did the Russian default disprove MMT?
- Positive Money on why money can exist without debt.
- Should the BoE hand out free money?
- Rating agencies in the dog house again.
- More about the most spectacular Chinese fraud allegation of this cycle.
- If only irony could be used as collateral.
- The demise of monetary unions past, Austro-Hungary edition.
- The liquidity threat, public and private.
- Further, further reading.