Been reading Modern Monetary Theory to try and work out why countries like Japan ; US etc with 100-200%+ debt are still able to thrive. Normal economics would have pronounced them broke after the GFC and started the hyper inflation cycle of countries like Zimbabwe to rebalance their currency within the world.
It's not the answer as is nominally focused on containment within national borders but seems to keep belief in the financial system going at present.
Wonder what the next 'Guru' theory will be when this one falls over.
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- Who do you think will be repaying the Government?
Been reading Modern Monetary Theory to try and work out why...
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