Since the self-proclaimed monetary "expert" and Father of #MMT Warren Mosler said, "Erdogan has it right" (to lower interest rates back on March 22, 2021), the USD has appreciated by 145% against the $TRY Easy to say, not stupid enough to take his own advice & buy the $TRY Great lesson not to listen to self proclaimed "monetary experts" who could not even...
Modern Monetary Theory (MMT) is not a "magic money tree" like a lot of (privledged) people say it is. The money for it comes from: - Leveraging the US Dollar's credit rating in exchange for short-term loans - Collateral from debt and related interest rates - Increasing the gap between inflationary assets (whom lean in favor of the wealthy) and labor wages,...
Bitcoin is revolutionary. The mass still own zero of it but everyone's heard about it. Accumulating at the dip. MMT: Modern Monetary Theory. This is what created Bitcoin and what is driving it at insane levels. We've seen nothing yet. Now we have whales entering via fund and stocks for companies in this space. Miners on Bitcoin and Validators on...