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RE: MODERN MONETARY THEORY - can anyone explain major differences between MMT and current monetary system?
Money is everything in the modern world. So, there are economists who thinks that the governments are free to print as much money as they wish and to counter inflation and state of unemployment governments should increase taxes and issue bonds to drain excess money from the economy. It all seems to me a bullshit as printing excessive money can be fatal to any economy as it increases inflation and also creates conditions of economic failure.
Hi again @erica005
Can I ask you for little favour? I joined contest called "Community of the week" with project I manage and I would be grateful if you could RESTEEM it and help me get some exposure and drop some encouraging comment :)
Link to my post: on steemit or on steempeak
Thanks :)
Yours, Piotr
Resteemed.