![images (2).jpeg](https://cdn.steemitimages.com/DQmQ2jDxJgEYaebg4vtGVbLyyTqKDGjD4Q2U1dsfYo9H3oQ/images%20(2).jpeg)



###### [Image Source](https://www.google.com/search?q=Modern+Monetary+Theory&client=ms-android-transsion-infinix-rev1&prmd=nvi&source=lnms&tbm=isch&sa=X&ved=2ahUKEwir7eLLhZ7nAhUrzoUKHS_yCyEQ_AUoA3oECAwQAw&biw=360&bih=624#imgrc=qx969KRfuDXMgM)


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 Modern monetary Theory is a theory that implies that sovereign countries with robust financial capabilities are not restrained or limited when it comes to revenue and government spending, that is a country like the United States for example can afford to make acquire ammunitions or buy raw materials for acquiring ammunitions *no matter how much it costs without having to go broke* because it boils down to national security with determines if the economy will survive or not. For example in the political tussle between the Iran and the United States, Donald Trump once claimed the US has bought a war jet that cost about two billion dollars. Now that's a whole lot of money **but this action to salvage national security by Donald Trump is Modern monetary Theory in action** now Modern monetary Theory also implies that the government can print as much money as they want since they issue currency.


 Therefore a government can manipulate the principles and conventions behind the way the cycle of money works without harming the economy of the nation **(or experiencing a budget deficit or work with the gold standard.)** in a case where money is needed to be spent just to keep a country above crises or depreciation. MMT is not really a popular theory but it's being developed just to truncate government claims of not having enough money to find some peripheral sector of a country like universal healthcare enjoinment. It's been proven wrongly that excessive government spending can result in deficit expecially for countries in the same financial strength with the United States. And that simply a large government debt accrued by the spendings which might result in something like inflation. *MMT has in recent times stated that debt owed by the government cannot collapse the economy since an economic decisions can equally change an economic state of a country* and a country like Japan owes a lot of debt and yet their economy is still remains stable.


**According to MMT the only limitation government can have is having real resources, because if the availability of resources is not considered while spending then inflation can surge beyond control if the right monetary policies are not put in place.** In essence when there's excessive influx of money by government spendings alone with a measure of get back or control this is where MMT can be disadvantageous and when not properly used can also be dangerous. So intermittently things like borrowing bonds might not be useful for a government because it's a system to drain money out of the economy thus, government might not need to do this since she prints her own money hence a new process to how government acquires **Money is easier, faster and better rather than relying on bonds or taxes which isn't even what government makes use of to spend if MMT is in practice**


**MMT was developed by American economist Warren Mosler but it didn't really gain acceptance due to it's sophistication methods that negates the principle of how money should be spent.** However there's a possibility that most government of the world have at one time or the other created or printed money so As to salvage her problems and due to this Mosler's MMT's idea has been touted as an economic Phenomenon for the future expecially for government with some of the strongest economies like Russia, Italy, France, Japan, The UK and the United States. MMT has however been criticised and called irresponsible because it it isn't progressive and only works when a government is in financial crises and that a country with a booming economy might not even need an aggrandized theory such as MMT. **In my opinion I think this is adjudicated to be correct. One way or the other new monetary policies will have to be created to always counter the negative effect of MMT** and I only think that it might come with it's advantages but some of its disadvantages hasn't really been explored. I believe however that it might further be developed to be better


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> **Interested in some more of my works?**


### [The Peculiarity Of Spending Habits And What Are The Determinants To Spending Habits? (Means, Mindset, Mentality Ambition)?)](https://steemit.com/hive-167922/@josediccus/the-peculiarity-of-spending-habits-and-what-are-the-determinants-to-spending-habits-means-mindset-mentality-ambition)




### [Time Lapse](https://steemit.com/hive-174578/@josediccus/time-lapse-an-original-poetry)


### [The Fruitfulness Of Taking Actions Immediately We Make Decisions](https://steemit.com/dtube/@josediccus/7q04hcmicmd)


### [A Gentle Whisper](https://steemit.com/poetry/@josediccus/a-gentle-whisper-an-original-prose-poetry).



### [Understanding Obtainability And Unobtainability In Our External and Internal Societies](https://steemit.com/psychology/@josediccus/understanding-obtainability-and-unobtainability-in-our-external-and-internal-societies)



### [Dealing and Handling With Sadists And Sadism At Some Various Important Sectors Of Life](https://steemit.com/dtube/@josediccus/4suo4t2lr2r)



### [The Dying Embers Of Unspoken Communication; What Is Wrong With The Human Informal Society?](https://steemit.com/psychology/@josediccus/the-dying-embers-of-unspoken-communication-what-is-wrong-with-the-human-informal-society)



### [The Rational Motive Behind A Consumer's Behavior](https://steemit.com/hive-167922/@josediccus/the-rational-motive-behind-a-consumer-s-behavior)




### [School Of Thoughts (An Original Poetry Plus Poetic Analysis And Literary Appreciation)](https://steemit.com/poetry/@josediccus/school-of-thoughts-an-original-poetry-plus-poetic-analysis-and-literary-appreciation)

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![TZjG7hXReeVoAvXt2X6pMxYAb3q65xMju8wryWxKrsghkLbp5aKvE71WZVXXpWPa45dz8mMuLJrUrkgAkhD8tDMEVnUx3NUtC7V1TtEWcJ7XFhwMtmH4ro93f8vDHQtM1zgsKQtZwMSjqx.jpeg](https://cdn.steemitimages.com/DQmPbQRoSYJWH5R3cUiH4xgtFTc8oTJRvUzG1y5Bj6eRFv9/TZjG7hXReeVoAvXt2X6pMxYAb3q65xMju8wryWxKrsghkLbp5aKvE71WZVXXpWPa45dz8mMuLJrUrkgAkhD8tDMEVnUx3NUtC7V1TtEWcJ7XFhwMtmH4ro93f8vDHQtM1zgsKQtZwMSjqx.jpeg)


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**My name is @Josediccus, a young Nigerian student who is a Dtuber, 📷 Psychologist, Poet And Sports Writer/Analyst. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off steem can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers**


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#### @Josediccus, your brother in pen and video 📷

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*I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or resteem*

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### [My Twitter handle✓](https://mobile.twitter.com/PERCIVAL_JOEY)



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