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MMT says that getting is a misnomer when applied to a sovereign government's monetary activities, on the grounds that the public authority is only tolerating
MMT says that \"getting" is a misnomer when applied to a sovereign government's monetary activities, on the grounds that the public authority is only tolerating its own IOUs, and it's not possible for anyone to acquire back their own obligation instruments.[63] Sovereign government strays into the red by giving its own liabilities that are monetary abundance to the private area. \"Private obligation is obligation, however government obligation is monetary abundance to the private sector."[64]
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