Modern monetary theory is all backwards. If the govt can set - values for the worth of X by Posted: Oct 13th, 2018 - 7:58 am In Reply to: Stop the madness, learn economics, - The operational reality of US govt
manipulation of the currency, earnings are nullified and savings are nullified, possession are nullified by way of currency manipulation.
If you save for 20 years to buy a home worth X and the government gives it a value of Y and taxes it at the new value, then you can lose it and all property is “rented” from the state.
Basically this THEORY is just another way to micromanage the economy by central planners.
It sounds impressive until you notice it isn’t tied to anything concrete. Just more fiat money.
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- Stop the madness, learn economics, - The operational reality of US govt (Views: 181, 2018-10-13, 7:53 am)
- Modern monetary theory is all backwards. If the govt can set - values for the worth of X by
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