Hi my friend,

This is indeed a very interesting topic and I believe that people who believe in MMT simply never went through a period without relative money stability.

It is funny that this theory comes from people living mainly in developed countries. This theories only works as long as there are no foreign depts...

### MMT doesn't produce inflation, it produces bubbles that pop
Of course it is possible to always create more money supply by printing it directly through the central banks or through dept creation by normal commercial banks. The more money available in a system the more you devaluate it. This means that for an even amount of goods the amount of money available increases which should lean to a devaluation of the money.

MMT believes that a country can always print new money but it is simply blind. The more money that is printed, the more we assist to a bad allocation of assets. Meaning the money will always go where the ROI is highest. It will go into share markets or real estate or bonds, accordingly...  
This means that we don't see a continuous depreciation of the money, it fills a bubble and the depreciation will only occur when this buble pops. 

### MMT and foreign dept = potential for major crises
Imagine a country that prints and prints more of its currency to pay back its depts. Of course it can print always more but currencies are interlocked between each other. You are a foreigner and you see that the money supply of this country is growing and growing. You expect inflation and you will sell assets of this country. This means that there will be a sale pressure on this currency and a loss of price compared to other currencies. This means that if this country has depts in foreign currencies then this dept will increase in value drastically. It will be impossible to print always more currency because the more that is printed, the less it will be worth and the foreign dept will increase. Just some examples of that: Venezuela, Argentina, Turkey...

### A currency that is printed according to MMT will be worth nothing in the long run
So I would keep my hands away from any currency that is created according to MMT. I would advise to invest in BTC that has a very limited supply or in Swiss Francs, probably the most stable Fiat currency and a governement behind it that by law is compelled to keep dept under control.

Best regards,
Achim

Some economists wish to make the governments all mighty. They think governments have all the solutions of the problems related to economies. These economists are the proponents of Modern Monetary Theory. It is not different from the current monetary system. In fact, these are very similar. There is only a difference of the name. 

MMT good concept to talk . I am happy to learn many interesting fact about that .

Thanks for the invitation.
I haven't heard anything about the subject. But if this "idea" fell out of the minds of today's economists and politicians, it is time to quickly run away towards the crypt

MMT is like taking the current system and adding even more government spending and regulation and trying to put a band-aid over everyone instead of decentralising things and allowing local economies to find their own equilibrium. It's a ploy for more control and its not going to work, it will be quicker to collapse than this fake economy we have now.

 I would stay far clear of MMT but if countries do vote for it, ill be there to watch it crash and burn saying I told you so

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@crypto.piotr, In my opinion **Current Money 💵 System** is really rigid because it's controlled by the **Banks** and no matter how much we think, at the end of the day **Ownership** is hold by the **Banks**.

I think that current picture of this world is combination and collaboration between **Spiritual** and **Technological** world. Now people are understanding the **Game Of Centralisation** and **Game Of Fiat Money 💵**. Through **Blockchain Technology** and **Cryptocurrency Space** people are trying to come out of this **Cage System**.

In my opinion **Future** is reflecting like a **Hub Of Structured Decentralisation** and by that i mean, before **Use Cases** were turning into a **Market** but with **Blockchain** and **Cryptocurrency Space**, **Use Cases** are turning into whole **Economy**.

But with **Modern Monetary Chain** we can face some issues and in my opinion most vital one is, many showcase **Carelessness** and **Digital Money** means we have to take some **Precautions**. For example, if we take the example of **Steem Blockchain**, here every **Account Wallet** is a bank and if people lose their **Keys** they lose everything in a way. No matter how much we evolve, in every time or phase we have to take those necessary precautions which are real need.

Have a wonderful time ahead and stay blessed brother.

It is interesting to have a bibliography of interesting articles about money theories. My 3 prefered references are:
* http://iflas.blogspot.com/2014/12/money-and-society-mooc.html
* https://en.wikipedia.org/wiki/Debt:_The_First_5000_Years
* [Relative theory of money](http://en.trm.creationmonetaire.info/)

I do not know MMT (modern monetary theory),
but resteem to more people to see this.

I did read up on MMT some time back. The key difference between the current system we have is that it believes that countries with a fiat currency system can and should print as much money as they need to spend since they will never go broke. 

In contrast, the current system believes that governments spending should be funded through taxations and issuance of bonds. 

Under the MMT, the central bank will no longer need to manage interest rates as it will always be kept a fixed level (e.g. 0%). Overall greater responsibilities will be on the government.

Will be happy to have an open discussion on this topic

the only difference between mmt and our current corrupt monetary system is with the fed currently they give billions and trillions to their friends on wall street to get ever richer, pushing asset prices like property, stocks and bonds ever higher, while with mmt the fiat printed currency is given straight to the public (via tax rebates or direct bank deposits,) pushing the prices of every day consumer goods ever higher.

both result in inflation, both result in a widening of the wealth gap, both will result in a two tier society and poverty for most.

only a full gold standard (see mises et al) results in fair system for all, and we are never, ever going to have that until Jesus returns.

plenty there for the hopelessly deluded to get riled about, truth sucks for those living a lie. peace.

The beginning of the related Wikipedia post describes it quite well, IMHO:
 
https://en.wikipedia.org/wiki/Modern_Monetary_Theory

I think US, EU, and some other countries are applying this theory already in the practice - printing so much money as they wish. Employment is on very high level. So the great danger is inflation. 
(I'm holding silver, platinum, some mining stocks and cryptos...)

@crypto.piotr

[Money lies at the core of most of the problems in this world](https://www.minds.com/media/875412739396177920) and I have also found it to be one of the most interesting topics to discuss. To write a comment on it myself would most likely be the start of a book. I'll keep it simple and just refer to the people on the forefront with their different theories.

First there is the gold standard advocates which include people like Mike Maloney and G Edward Griffin:
- Mike has a [9 part documentary](https://youtu.be/DyV0OfU3-FU) not only explaining our current monetary system but also attempts to give the correct definition of money.
- G Edward Griffin has a more sinister explanation and wrote a book on it called [The Creature From Jekyll Island](https://youtu.be/lu_VqX6J93k) in which he explains the creation of the current monetary system. I have found that his explanation of the monetary system (1 hour 27 min) is probably the best there is (my opinion).

There are many more in agreement with the above to name a few:
- The Dollar Vigilante
- Max Wright
- And many more that's interviewed in Mike Maloneys video but I feel that their explanations are just water downed versions of what Mike and Edward talks about. In some cases I've even seen these so called advocates of the gold standard use the information to run their own scam investment programs so I stay away from them.

On the other side we have the money policy advocates. A group of people who believe that the wrong policies are what brings about abundant and dire times. I have not seen a lot of them making videos on the subject but I have come across a few who have tried to explain it in simple terms. Bill Still explain his position in [The Money Masters](https://youtu.be/MpG-r9FnnXY). In my view the petro dollar will fit into this system but it gets complicated.

These two ideas are fairly different from each other and attract a lot of debate but one obvious similarity is the fact that at the head of this beast there is a puppet master pulling the strings.

For me it is not a matter of consensus among the slave population to correctly define words or the workings of systems but the understanding that there is a slave master driving you into the ground and stealing your wealth.

If government is involved-- or if there's a political "theory" propping it up-- it's wrong.  http://blog.kentforliberty.com/2009/11/requires-no-government.html

Money is everything in the modern world. So, there are economists who thinks that the governments are free to print as much money as they wish and to counter inflation and state of unemployment governments should increase taxes and issue bonds to drain excess money from the economy. It all seems to me a bullshit as printing excessive money can be fatal to any economy as it increases inflation and also creates conditions of economic failure.

Money is everything in the modern world. So, there are economists who thinks that the governments are free to print as much money as they wish and to counter inflation and state of unemployment governments should increase taxes and issue bonds to drain excess money from the economy. It all seems to me a bullshit as printing excessive money can be fatal to any economy as it increases inflation and also creates conditions of economic failure.