Modern Monetary Theory (MMT) is here!

Bitcoin is antithesis to irresponsible sovereign currency issuers. So, its important to learn how governments manage their own currencies.

In simple terms, MMT is a method by the governments to manage a balanced economy by issuing their own currency as much they need and then control inflation by tweaking the taxes. The experts are proposing MMT as the silver bullet with no risk.

But the end game will be a collapse in the value of their Sovereign Currencies. This is a potential catalyst that can get Bitcoin to $1M.

A good read for understanding where we are heading and the potential consequences:

MMT explained in simple terms by an animated owl, watch this video.

A short video for CNBC explaining the basics of MMT here.

A good read on MMT: https://www.businessinsider.com/modern-monetary-theory-mmt-explained-aoc-2019-3

submitted by /u/InformalChain
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