How can modern monetary theory work if the currency itself becomes completely devalued?
Seems like it would work okay for a while, but once the currency is worth next to nothing, the jig is up.
Prices may level off, but they won't come back down. At the same time, wages cannot increase because businesses can no longer turn a profit due to inflation and the rising cost of overhead...
MMT cannot ward off hyperinflation indefinitely.
Invictus Filius Regis Aeterni /
npub1eu…nse9j
2024-08-12 01:55:14
Author Public Key
npub1euju90la0fze3sw0zmfw2rk9eg37s345umw8guu69k2eul2an0ws7nse9jPublished at
2024-08-12 01:55:14Event JSON
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