Modern Monetary Theory

Inflation has historically been a huge challenge. If people stop saving because their savings are going to go down in value, it leads to a cycle that goes in the wrong direction. Here's what happened over the last 50 years. Some people in politics discovered two things. One, democratically elected governmants often has a problem with discipline. That given the temptation of giving every voter a million dollars just before the election, many politicians will say, sure. And then you end up with hyper inflation. The second thing that some politicians saw is that if governments start printing money and giving it out, they might give it out to people those politicians don't want to get money. So combining these two