3 ms·
This is the interesting thing, and the whole premise of MMT (Modern Monetary Theory), the currency being the reserve currency is not prone to devaluation relati
by theonlybutlet 5y ago
This is the interesting thing, and the whole premise of MMT (Modern Monetary Theory), the currency being the reserve currency is not prone to devaluation relative to other currencies which allows them to keep printing USD and in effect exporting their inflation, all until someday something replaces the currency as a reserve. The inequality comes from this excess cash in the market with nowhere productive to be spent on, people merely invest it in the assets they were already going to invest in, driving up asset prices (creating asset bubbles).