djsumdog on Nostr: Modern Monitory Theory is the idea that if you have sovereign control of your money, ...
Modern Monitory Theory is the idea that if you have sovereign control of your money, you can just print more. This theory is insane. More USD was issued (in the form of real currency, not loan backed reserves) between now and 2020 than in all of America's history. It's insane and a massive devaluation of everyone's money. It's the reason that the floor of a single family home grew from $250k to over $300k in most areas.
Governments have been uncontrollably adding to their money supplies for the past few years, but not adding actual value. Everyone suddenly decided "Hey, Japans insane GDP to debt ration is a great idea!" .. it's a death spiral ... possibly even an intentional one. A planed demolition.
Published at
2025-02-28 17:54:47Event JSON
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