Modern Monetary Theory
Can a nation go broke if it creates its own money?
4.4 (27)
52 mins
Explore how Modern Monetary Theory flips traditional economics on its head by arguing that countries with sovereign currencies aren't limited by revenue. Discover why government spending comes first, and taxes follow, not the other way around.
Ep 1:
What Is Modern Monetary Theory?
Ep 2:
Does MMT Change How People See Government Spending?
Discussions (11)
Mario
Level 3 · 8 mo agoFunny how the magic money tree is a myth until the banks need a bailout then suddenly the harvest is bountiful, absolute joke taking the piss.
Philip
Level 8 · 8 mo agoThe text is right that taxes drive currency demand. If I didn't owe Corporation Tax in Sterling I wouldn't touch it. The state creates value by holding a gun to your head. That is the only reason fiat currency works.
Buddy
Level 5 · 9 mo agoI don't buy it. You cannot just print money without destroying the value of the dollar. If the government could really fund everything by magic, they wouldn't need to tax the hell out of us.
