EU Urgered to Return Military-Aged Ukrainians Back For War
Behind the curtain, Zelensky has been quietly asking EU countries to send bank men of military age who have fled Ukraine. Poland seems to be considering sending military-aged men back [...]
Modern Monetary Theory & Why Central Banks are lost in the Wilderness without a Map
QUESTION: Dear Martin,
Would you like to enlighten me on your stance on the Modern Market Theory that is being touted by some in finance and politics please?
VV
ANSWER: The basis upon which MMT has emerged is actually logical for those who lack the understanding of how to conduct research. Since QE has lasted in Europe for 10 years+ without success in creating inflation, they take this as proof that the government can just print without concern of inflation. Money has value only because it is legal tender. I have written about this subject before – MMT.
I will address this in a detailed report because all economic models have now failed. This is part of the Great Unknown we have entered in Economic Theory. Central Banks are without a map and are now lost in the wilderness.
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