Economics: Modern Monetary Theory, part 0

Self-tutoring about economics: the tutor begins about modern monetary theory.

Modern Monetary Theory: the concept that, when a country controls its own currency, its ability to spend is limited by inflation rather than by its income. In other words, such a government may print and spend money as long as inflation does not increase.

Source:

cbc.ca

Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.

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