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With the renewed interest in Modern Monterey Theory (MMT) and the eternal controversy of this topic, I wanted to provide a commentary and share an understanding of how MMT deals with modern money. I hope that will be beneficial to readers. Here are the three key things you should know about MMT:
#1: It only works for the US The US is a monetary sovereign, Image: iStrfry , Marcus In a monetary sovereign state (The USA) that has a reserve currency status (The USD), the central bank (the Federal Reserve) can […]
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