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RE: Modern Monetary Theory and Cryptocurrency
Thanks for the explanation! I’ve been reading the primer on the New Economic Perspectives blog, but haven’t gotten to that part yet. It’s pretty unintelligible stuff, which is why I think a lot of people prefer the “kitchen table” narrative of Paul Ryan and such. Still the basic notion that the issuer of currency cannot by definition “go broke” is clearly the case.
I went through Bill Mitchell's Billyblog with one of my colleagues from Fair Money Australia to learn about this. We spent about three hours one night trying to understand a single post. After that, we were able to read all of them without any problem. Bill has amazing insights on many things and understands macroeconomics inside-out.
This video by Steven Hail was the best explanation I'd seen when I first began to learn about MMT.