4 ms·
In my limited understanding - in MMT because the US is the currency of choice then it can make up as much money as it wants. My thought on this is though - if t
by chadcmulligan 6y ago
In my limited understanding - in MMT because the US is the currency of choice then it can make up as much money as it wants. My thought on this is though - if the US dollar becomes, basically, gibberish because it's been pumped so high (e.g. the US Debt keeps going up and up), then it will be abandoned and some other currency will become the standard, at this point the US is in big trouble. Maybe someone more knowledgable in this stuff can point out the flaw? one of those things I've wondered for a while.