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

in Project HOPE5 years ago (edited)

@crypto.piotr

Money lies at the core of most of the problems in this world and I have also found it to be one of the most interesting topics to discuss. To write a comment on it myself would most likely be the start of a book. I'll keep it simple and just refer to the people on the forefront with their different theories.

First there is the gold standard advocates which include people like Mike Maloney and G Edward Griffin:

  • Mike has a 9 part documentary not only explaining our current monetary system but also attempts to give the correct definition of money.
  • G Edward Griffin has a more sinister explanation and wrote a book on it called The Creature From Jekyll Island in which he explains the creation of the current monetary system. I have found that his explanation of the monetary system (1 hour 27 min) is probably the best there is (my opinion).

There are many more in agreement with the above to name a few:

  • The Dollar Vigilante
  • Max Wright
  • And many more that's interviewed in Mike Maloneys video but I feel that their explanations are just water downed versions of what Mike and Edward talks about. In some cases I've even seen these so called advocates of the gold standard use the information to run their own scam investment programs so I stay away from them.

On the other side we have the money policy advocates. A group of people who believe that the wrong policies are what brings about abundant and dire times. I have not seen a lot of them making videos on the subject but I have come across a few who have tried to explain it in simple terms. Bill Still explain his position in The Money Masters. In my view the petro dollar will fit into this system but it gets complicated.

These two ideas are fairly different from each other and attract a lot of debate but one obvious similarity is the fact that at the head of this beast there is a puppet master pulling the strings.

For me it is not a matter of consensus among the slave population to correctly define words or the workings of systems but the understanding that there is a slave master driving you into the ground and stealing your wealth.

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 5 years ago 

Thank you for your amazing comment @dpl

Indeed, money lies at the core of most of the problems. However without money there would be most likely even more problems we all would have to dealt with - just different ones :)

To write a comment on it myself would most likely be the start of a book.

Good one :) Can I sign up for your book already :)

ps. didn't you consider powering up?

Yours, Piotr

@crypto.piotr

It is debatable as the current system is most corrupt. It's like saying we need government because who will build the roads...

Just tried something with my steem. That's why it was not in power up mode :-)

 5 years ago 

It's me again @dpl

I've just realized that I never actually thanked you for your comment. Big thx.

ps.
I would need to ask you for little favour. Recently I've decided to join small contest called "Community of the week" and I desribed our project.hope hive/community. Would you mind helping me out and RESTEEM this post - just to get some extra exposure? Your valuable comment would be also appreciated.

Link to my post: on steemit or on steempeak

Thanks :)
Yours, Piotr