Why Emerging Markets Are Wary of Modern Monetary Theory
While MMT may be the de facto policy of rich Western governments, applying it to developing economies could be disastrous.
Related News
In a bid to wake people to the dangers of Modern Monetary Theory (MMT), a message that read “printing money is stealing from the poor,” accompanied by a Bitcoin symbol, was projected on the Bank of England (BoE) building. The incident has highlighted the disconnect between economic policy and cryptocurrency in general. With alarm bells […]
Bitcoin.com got the chance to sit down with respected Bitcoin thinker Konrad S. Graf and talk about the ongoing Bitcoin block size controversy. By applying the theories of political economy to the issue, Graf argues that the 1 MB block size limit is economically most similar to a government mandated output ceiling. To get the details on where Graf....
Bitcoin is a contender to replace inferior monetary defensive protocols in order to maximize the protection of individual rights.
Time is money. I’m sure that almost each and every one of us has heard this famous expression and immediately recognized it as an indisputable belief. In fact, the infamous expression is said to be credited to Benjamin Franklin,who wrote in an essay: In fact, all societies throughout human history have believed time to be something that has value. Even....
Jamie Anderson, a managing principal at Tierra Funds, seems convinced there is data showing these countries are recovering. At the same time, these inflows are only a drop of water on the boiling plate at this stage. For those people who were dreaming of a cashless future, that situation will not become a reality anytime soon. Emerging markets are suddenly receiving bucketloads of cash, to buy stocks and bonds. Interestingly enough, both emerging markets and developing countries are reaping the benefits of this change. It has to be said, a record amount of cash funds have been flowing to....