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RE: MODERN MONETARY THEORY - can anyone explain major differences between MMT and current monetary system?
Good point. I believe that MMT does not advise govts to STOP collecting taxes or to STOP selling bonds. But if and when tax revenue plummets and when nobody buys the govt's bonds, then the MMT alternative (last resort) is to just print tons of money.
I'll open your link and read that post soon. And I'll also get to that curation trail ... sooner or later. :-)