76research
@76research·3.3K subscribers·297 videos
MMT Exposed: The Truth About Modern Monetary Theory
Posted
May 10, 2024
Views
467
Likes
15
Comments
8
Engagement
4.93%
May 10, 2024
467
15
8
4.93%
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As prominent politicians succumb to the dangerous claims of this once obscure academic movement, Trish Regan and Rob Hordon, Co-Founders of 76research, explain what exactly Modern Monetary Theory (MMT) is and why we all need to worry about it. MMT advocates seek to take the "power over the purse" as James Madison called it away from our elected representatives and put it into the hands of technocrats. They want to eliminate central bank independence and propose direct financing of government expenditures from the printing press. MMT is not just a recipe for hyperinflation, it's a way to shift political and economic power away from voters and taxpayers to the administrative state. Do not be fooled by their deliberately confusing rhetoric! The goal is a massive expansion of the state, which under MMT will no longer have to bargain with voters for funding.
#federalreserve #MMT #monetarypolicy #monetarysystem #centralgovernment #hyperinflation #trishregan #inflation #moneyprinting #jamesmadison #centralbank
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