monetary policy

  1. Thegoodshepherd

    ANALYSIS Somalia's economy is fully dollarized, what are the implications?

    Somalia's economy is fully dollarized. The shilling is no longer really used to buy items that cost anything more than $10. Two papers helped me better understand what the implications of a fully dollarized economy may be. This is a general overview: Full Dollarization The Pros and Cons This...
  2. R

    Modern Monetary Theory

    Is anyone familiar with MMT? It's sounds like communism on steroids imo. A lot of US politicians like AOC and Bernie are pushing for it. Still don't understand how inflation would be controlled but this seems like a perfect fit for Somalia's situation.