This is a compilation of MMT economists talking about how money gets into the economy and measures value. Nixon changed the economic system in 1971 when he ended the gold standard but we still think in those terms popularized by Disney cartoons featuring Scrooge McDuck in his vault. Vaults do not exist except for the small amounts banks have to provide currency. Is this hard for you to accept? When you borrow money from a bank, the bank creates the money out of thin air. Is that also hard for you to accept?
0
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account