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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)

You don’t have to be bewildered with it, @crypto.piotr. It’s just another terminology manipulation, as it is usually done in the Centralized Hierarchical Political Matrix (CHPM). Orwell called it doublespeak. or newspeak You see, CHPM uses terminology to cover up repeating robbery. For example, at the beginning of the 20th Century, if you came to the bank to raise your money, and the bank could’t return your full amount and interest, that was called a Bankruptcy, or Default. Today it is called Negative Interest Rate Policy (NIRP)! In the 20th Century, excessive emission of the fiat money was called Inflation. Today it is called Quantitative Easing or REPO. MMT is just another name for a blind robbery created through the globalist economic system.

I would suggest to follow this man:

It's the job of politics to make people accept and live with, tolerate the economic system even when it gives them a rough shake.
— professor Richard Wolff

He is explaining it clearly and logically. You can start with these important lectures:

https://steemit.com/informationwar/@lighteye/richard-wolff-explains-how-politics-work-in-the-us-of-a

https://steemit.com/informationwar/@lighteye/the-roots-of-fear-of-a-humane-idea-in-the-united-states-of-america

https://steemit.com/informationwar/@lighteye/instability-of-capitalism

Good luck!

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I very much agree with your explanation. I truly believe the decentralized monetary system is already establishing and it is up to us here to support its functionality. As I'm more with technology understanding than economical cannot give more profound clarification of the main topic.
It is an interesting discussion although.

 5 years ago 

Thank you for dropping by @trayan and your comment.

 5 years ago 

Thank you for your amazing comment @lighteye

I will take your advice and I won't be "bewildered with it" :)

Thank you for sharing those links with me.

ps.
I would also like to take this opportunity to share with you one of my recent posts
, where I'm describing project.hope economy (I run it with few guys from steem). I would love, if you could invest few minutes and get familiar with our efforts and perhaps share your feedback (this is what I always care the most).

Yours, Piotr