Finance & Fury Podcast

Welcome to Finance and Fury, the Furious Friday edition. Today we’re looking at Modern Monetary Theory action. The first stage, how this is going to be practically done, involves the merging of the central banks and Government Treasury. We’ll also look at the increase of Crony capitalism that will emerge out of this. Large companies in debt get bail outs, but most get to remain open and actually profit out of this.   The first step of long term implementation – Central banks and treasuries merge MMT proposes governments that control their own currency can spend freely, as they can always create more money to pay off debts in their own currency – The theory suggests government spending can grow the economy to its full capacity, enrich the private sector, eliminate unemployment, and finance major programs such as universal healthcare, free college tuition, and green energy. If the spending generates a government deficit, this isn’t a problem either. The government’s deficit is by definition the private sector