TheOctopus
Banned
- Joined
- Apr 4, 2013
- Messages
- 1,622
- Thread Author
- #1
What is it?
Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan, and Canada, which spend, tax, and borrow in a fiat currency they fully control, are not operationally constrained by revenues when it comes to federal government spending.
Why should anyone care? :bonkers:
Because this is not the first time in history it has been attempted... No dynasty, empire or a financial system has ever withstood the test of time... yet!
It is all an ongoing experiment. :S
Pretty good video on the topic
We Are Living Through The Scariest Economic Experiment In History Right Now...And No One Knows It - YouTube
Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan, and Canada, which spend, tax, and borrow in a fiat currency they fully control, are not operationally constrained by revenues when it comes to federal government spending.
Why should anyone care? :bonkers:
Because this is not the first time in history it has been attempted... No dynasty, empire or a financial system has ever withstood the test of time... yet!
It is all an ongoing experiment. :S
Pretty good video on the topic
We Are Living Through The Scariest Economic Experiment In History Right Now...And No One Knows It - YouTube