What is #Modern #Monetary #Theory? This short video covers the basics and provides a concise introduction to Modern Monetary Theory, or #MMT. It is designed to be accessible to all, no knowledge of economics is assumed.
It starts by asking what is a fiat currency and how this relates to MMT. In this regard we take a lead from a key proponent of MMT, #Stephanie #Kelton.
We also ask ig governments create money then what stops them from creating as much money as they like? We also cover the related question, if governments can create money then why do they bother collecting taxes?
https://www.Patreon.com/EconomicsUnderstood
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