Modern Monetary Theory Is an Old Marxist Idea

Modern Monetary Theory Is an Old Marxist Idea

Modern monetary theory, or MMT, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The very basis of the theory, the idea that governments can finance their expenditures...
Egon von Greyerz: THE WORST GLOBAL DEPRESSION IN HISTORY IS NEXT

Egon von Greyerz: THE WORST GLOBAL DEPRESSION IN HISTORY IS NEXT

The last 100 years have been an illusion with fake money, fake assets & debt. We’re are all in for the biggest financial shock in the history of the world… Since the Great Financial Crisis started in 2006,  global debt has more than doubled from $125 trillion...

Why Modern Monetary Theory Will Destroy Money

Article originally appeared in International Man Newsletter. (Here) MMT centers around the notion that the economy in general, and money in particular, should be the creatures of the State. It’s not a new idea – the meme has been around in one form or another since at...