VIDEO
MMT is the best way to destroy the US Dollar’s purchasing power , end it as world reserve currency and collapse the economy.
All under the fallacy of “this time will be different”. It will not.
Further read:
About Daniel Lacalle
Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Author of bestsellers "Life In The Financial Markets" and "The Energy World Is Flat" as well as "Escape From the Central Bank Trap". Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Frequent collaborator with CNBC, Bloomberg, CNN, Hedgeye, Epoch Times, Mises Institute, BBN Times, Wall Street Journal, El Español, A3 Media and 13TV. Holds the CIIA (Certified International Investment Analyst) and masters in Economic Investigation and IESE.
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What the fuck is MMT ?
Modern Monetary Theory, a theory that basically says that governments can print all the money they need.
Only one phrase accurately describes MMT – That is – ” self contradicting rubbish economics”.
Greece has not had its own sovereign currency since it adopted the Euro in 2001.
Greeve defaulted after they gave up their currency sovereignty not before.
And also before the euro