Modern Monetary Theory for Dummies.
Is Free Money the Answer? Or is Free Money the Problem?
Twelve years ago, when the Housing Crash had just started, Alexandria Cortez and her gaggle of fresh government blood were just kids. Most of them did not come from poor families. They cannot appreciate that giving money with no value, to people who don’t provide a product or service, will only perpetuate the rich getting richer and the poor getting poorer.
They call it Modern Monetary Theory. Proponents of MMT say that any country that prints its own currency can’t go broke.
The “New Breed” of politicians who grew up during those years, believe that it will be Okay to simply keep printing as much money as the government needs to pay for any and all welfare, regardless of the inflation caused by the new money.
Their thinking comes from economists like Ben Bernanke and Janet Yellen, who learned it from other highly educated economists that previously sampled the theory by printing relatively small quantities of money to help cover America’s debt in the past.
When it didn’t crash the market or destroy anyone who would be missed, they increased the amounts. Every printing made the Dollar more worthless and in…
