Hey!
I just have been seeing a lot about Modern Monetary Theory (MMT), and I just don’t understand it. I’ve taken an economics class so I know what inflation is and everything, but I don’t know what it is or how it works or doesn’t work. Help is appreciated. Thank you!
In: Economics
It’s a frame work for analyzing the money system. The basic idea is that you can look at currency as a thing that is created at a source (a currency issuer) by spending. The money does some amount of circulation in the economy, and flows to a currency sink (taxes) which removes excess currency from circulation.
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