Modern Monetary Theory Explained
Modern Monetary Theory (MMT) proposes that governments issuing their own fiat currency are not financially constrained in their spending, as they can electronically create money to fund public services, and taxation serves to manage inflation rather than pay for government expenditure. This theory suggests a focus on fiscal policy to stabilize the economy, with governments encouraged to spend significantly, while acknowledging that unlimited spending could lead to inflation.
Credit to : Lex Clips
Please support our Sponsors here :