MMT starts to make a little more sense when thinking of it as comparable to money systems used under the USSR and the old Soviet Bloc.
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.
Original Article: “Modern Monetary Theory’s Connection to Soviet-Era Money“.
Full story here Are you the author?Mark A. DeWeaver, PhD, CFA, is a cofounder of the fund management company Ithaca Advisors, LLC, and the author of Animal Spirits with Chinese Characteristics: Investment Booms and Busts in the World's Emerging Economic Giant.
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