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RE: MODERN MONETARY THEORY - can anyone explain major differences between MMT and current monetary system?
From what I understood The MMT theory doesnt eliminate taxes. It gives another use to it: instead of being the way to fund government expenses it is used to reduce the circulating money and reduce the inflation.
It´s doing the same but with different mechanics.
Another idea of the MMT is reduce taxes to decrease unemployment rates. For companies, salaries are just another cost, and they always try to reduce them to increase income. Reducing taxes won´t change that, so it won´t affect unemployment rates.
I really like to see how responsive you are @ropaga :)
Thank you for dropping by @phgnomo and your comment.
I just visited your profile and I've noticed that we're sharing similar passion towards blockchain. Cool :) Followed you already,
Yours,
Piotr