Transcripts of Warren Mosler’s Talk and Q&A session in Sofia, Bulgaria

Warren Mosler’s contributions to the MMT Round Table in Sofia required a translator for the Bulgarian audience. As an alternative to watching the videos (which can be viewed in video 1 and video 2), some might find it convenient to read transcripts of his talk and Q&A session. Repetitions of phrases due to the translation process have been edited out, and a word or two not deciphered, but apart from that the transcripts are as spoken. In the talk, Warren briefly discusses Professor Hanke’s view of the currency board before explaining: (i) the basics of establishing a sovereign currency; (ii) determinants of the value of the currency; and (iii) the dynamics of the currency board. In the Q&A session, he discusses what would be involved in getting off the currency board and reviving the economy, making comparisons with Argentina’s experience under similar circumstances. As always, Warren speaks with great clarity. Unfortunately I am unable to transcribe the talks by Pavlina Tcherneva and Ryan Markov due to the language barrier.

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