The Great Simplification with Nate Hagens cover image

Michael Every: "The Many -Isms of the Metacrisis”

The Great Simplification with Nate Hagens

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Implications of Modern Monetary Theory on the Economy

The chapter explores the concept of Modern Monetary Theory (MMT) and its impact on the economy, discussing issues like inflation, trade surpluses, and energy sources. It highlights the challenges faced by countries implementing MMT and the importance of balancing demand and supply sides. The speaker emphasizes the need to consider international trade and domestic production in economic policies.

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