RE: MODERN MONETARY THEORY - can anyone explain major differences between MMT and current monetary system?
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.
It's me again @daznez
I've just realized that I never actually thanked you for your comment. Big thx.
ps.
I would need to ask you for little favour. Recently I've decided to join small contest called "Community of the week" and I desribed our project.hope hive/community. Would you mind helping me out and RESTEEM this post - just to get some extra exposure? Your valuable comment would be also appreciated.
Link to my post: on steemit or on steempeak
Thanks :)
Yours, Piotr
so done friend :-)