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RE: MODERN MONETARY THEORY - can anyone explain major differences between MMT and current monetary system?

in Project HOPE5 years ago

The fact is nobody can be certain that the system can prevent high/hyper inflation. The most compelling argument I read so far is that the government will be able to regulate the inflation level through efficient allocation of money and taxations

MMT really relies on an efficient government, which so far I haven't really seen one. The government here in Singapore is probably among the most efficient, but I am not confident MMT will work even under the Singaporean government