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RE: The Misunderstood Legacy of Austrian Economics: From Hayek to Modern Monetary Systems

in LeoFinance8 months ago

We're going to turn the tables around... This time around, it will be the Good Money that Drives out the Bad Money... In order to make Silver and Gold Bars and Rounds Legal Tender, they must be "Coined"... I have all the new weight and face values figured out...

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Be careful, be careful with MMT

What's MMT...???

Modern Monetary Theory (MMT) is an economic framework that argues governments with sovereign currencies, like the U.S. or Japan, cannot run out of money because they can always create more. MMT supporters, such as economist Stephanie Kelton, believe that deficits are not inherently bad and that governments should spend as needed to achieve full employment and social well-being, with inflation being the main constraint rather than debt levels.

Under my System, there will be no inflation... Prices will still rise and fall due to Supply and Demand, but our Money will be Stable and 100% backed by Silver, Gold, Platinum and Palladium Coinage... We will be able to pay off the National Debt in full, including the Rental Fees the Central Bank Owners call "interest"... I figure, we'll also be introducing Paper Coinage and U.S. Crypto Coinage... The United States will have so much Money, we won't know where to spend it all, but I'm sure we'll figure all that out...