Ep. 154 - The Truth About Modern Monetary Theory

You have probably heard the term Modern Monetary Theory or MMT thrown around recently. It is all the rage with our overlords in Washington, D.C. But what is it? In this episode we examine the destructiveness of MMT and learn that there is nothing modern about debasing your currency by printing worthless pieces of paper backed by nothing. We also learn that MMT is not a theory but more political propaganda backed by nothing resembling real economics or public policy. Politicians who endorse it or do not oppose it vigorously are willfully negligent! Show Notes The Bob Murphy Show #18: Warren Mosler Defends MMT The Bob Murphy Show #24 - Murphy Dissects His Discussion with Warrn Mosler Human Action Podcast with Bob Murphy November 2020: MMT Explained Ghana Becomes First Country to Officially End MMT Experiment MMT: Not Modern. Not Monetary. Not a Theory - Jeff Deist MMT History and Overview Deficit Myth: Modern Monetary Theory Upside Down World MMT MMT: Fake Economics Doug Casey Why Modern Monetary Theory will Destroy Money ----------------------------------------- Grab your Truth Quest Merchandise at The Truth Quest Shirt Factory: With each shirt design there will be an explanation of what to expect from those inquisitive or brave enough to ask you about it. In most cases there are links to podcast episodes that will further deepen your understanding of the importance of each phrase.  We hope you take the challenge of wearing these shirts in public and to family gatherings. Don't worry! You will be equipped with the rhetorical tools to engage in conversation and/or debate.  Good luck! And thanks for supporting the Truth Quest Podcast! Check out the "END THE FED" shirt inspired by this episode. The Truth Quest Podcast Patron Page Join the conversation at The Truth Quest Facebook Fan Page Order a copy of one of my books, Pritical Thinking, The Proverbs Project, The Termite Effect. The video of this episode is available on Rumble, BitChute, Brighteon and Thinkspot. Check out short highlight videos of each episode on Instagram.