We are currently seeing the largest-scale military maneuver against nations in the history of the world.  Only the weapon of choice isn’t traditional military weapons.  But for all the same reason that wars have been started to defend national borders, this is how we must view Modern Monetary Theory.  The scam is currently, for instance, in the United States to use the strength of the dollar to print infinite amounts of cash to prop up the wealth of companies like Blackrock, Blackstone, and Vanguard.  Then use that power to take over the corporate boards of most of the world’s companies.  Once that has happened, then the world will move away from the dollar and convert everything to a digital currency that is controlled by China.  Then the entire wealth of the United States would be evaporated, along with everyone in it.  It would be an attack on a much larger scale than when Mesopotamia attacked Israel, the Persians attacked Greece, or the Romans the known world.  But the attack is just as bloody and ruthless, and this is how they are doing it with MMT.  And the Biden administration is the insurgent force controlled by the World Economic Forum, which is behind the effort.  

Modern Monetary Theory, or MMT, is a relatively new economic theory that has been gaining traction in recent years. Developed by a group of economists including Stephanie Kelton, Warren Mosler, and Bill Mitchell, MMT challenges traditional views on government spending and the role of taxes in the economy.

At its core, MMT argues that governments that issue their own currency can never run out of money. This means that, unlike households or businesses, governments can always spend more money than they take in through taxes. This is because they can simply create more money out of thin air.

This may sound like a recipe for hyperinflation, but MMT proponents argue that as long as the economy is not operating at full capacity, increased government spending will not lead to inflation. In fact, they say that increasing government spending can actually stimulate the economy and create jobs.  But of course history proves this not to be the case.  These people are crazy, and not very smart.

One of the key insights of MMT is that taxes do not actually fund government spending. Instead, taxes are used to regulate the economy. By taking money out of circulation, taxes help to control inflation. In addition, taxes can be used to incentivize or discourage certain behaviors. For example, a carbon tax could be used to discourage the use of fossil fuels and encourage the adoption of renewable energy.

MMT also challenges the conventional wisdom that government debt is a bad thing. In fact, MMT argues that government debt is necessary in order to provide the private sector with the financial assets it needs to function. When the government spends more money than it takes in through taxes, it creates new financial assets in the private sector in the form of government bonds. These bonds can be bought and sold just like any other financial asset, providing a stable source of income for investors.

Critics of MMT argue that it is a dangerous and untested theory that could lead to runaway inflation and economic collapse. They point to examples like Zimbabwe and Venezuela, where excessive government spending led to hyperinflation and economic disaster.

However, MMT proponents argue that these examples are not relevant to developed countries like the United States. These countries have much more stable political systems and financial institutions, which make hyperinflation much less likely. In addition, MMT argues that the government can always use taxes to control inflation if it becomes a problem.

Overall, MMT is a Marxist dream and controversial theory that challenges many of the traditional assumptions about government spending and taxation. While it is still a relatively new and untested theory, it has already gained a significant following among economists and policymakers. Whether or not it will ultimately prove to be a viable alternative to traditional economic theory remains to be seen. 

Rich Hoffman