Sterling Terrell

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You are here: Home / Not Books / Modern Monetary Theory

Modern Monetary Theory

Modern Monetary Theory

Modern Monetary Theory is the insane and frankly – stupid as all get out – notion that a government can print as much money as it wants to without any actual harm.

Governments should not be afraid of debt – because they simply print more money.

Governments should not be afraid of low tax revenue – because they can just print more money.

And governments should not fear inflation because they can fight it by lowering government spending and increasing taxes – and you guessed it – they can still print any more money that they need!

(Begs the question: If the government can print any money that it needs, why are we paying taxes? 😳)

I mean, at one-time people were actually talking about creating a Trillion-dollar coin to pay off the national debt.

Seems like crazy talk with the inflation rate at a 40-year high this month.

Because governments notoriously dislike reporting actual inflation numbers, Peter Levels made a fantastic inflation tracker here: inflationchart.com

Stop the madness.

Santelli gets it.

Santelli nails it here.
The one guy on CNBC who really isn’t afraid to call out what is actually happening.

🔈

pic.twitter.com/LvHBOXla1F

— Wall Street Silver (@WallStreetSilv) September 24, 2022

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Filed Under: Not BooksTagged With: #Economics, #Money

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