What do some powerful enough goverments actually do – Modern Monetary Theory

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Modern Monetary Theory( MMT or Modern Money Theory) is a macroeconomic theory that describes and analyzes modern economies in which the national currency is fiat money, established and created by a sovereign authority. The key assertion of MMT is that sovereign authorities that are the sole provider of national money can issue currency of any sect, and in physical or non-physical forms. Therefore, these governments have an unlimited ability to pay for the things they wish to purchase and to fulfill predicted future remittances. MMT claims that these governments too have an unlimited ability to provide funds to other sectors, and that because of this, it is not feasible to for a government this matter its own currency to be bankrupt.

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