Embed Notice
HTML Code
Corresponding Notice
- Embed this noticeThe federal reserve is a scammy ponzi scheme, yes .. but the concept around it is you add/remove money into the supply via interest rates.
The idea behind modern monetary theory is "the government is sovereign therefore it has monopolistic control to print more money." In theory money (debt) represents some value behind shifted around. When you just print more money, you devalue all the existing money that has been printed. MMT fundamentally leads to hyper-inflation and that's intentional.
MMT is a means to crash the entire economy, to make way for digital currency that limits the type of spending and increases control. (Imagine your paycheck where you get 300 Food-USDC, 300 Luxary-USDC, 500 Housing-USDC. That's what MMT-economists/WEF/World Governments want: control over all transactions)
People who go along with MMT are pawns and useful idiots.