Post
Topic
Board Economics
Re: We need a economic revolution right now .
by
abhiseshakana
on 06/04/2020, 16:55:58 UTC
- snip -

What are your thoughts ? Do you think it is completely reasonable or we can live how we were living before?

Some adherents of modern monetary theory (MMT) assume that whether intentional or not, the coronavirus provides an opportunity for many countries to do economic resetting, especially for middle countries and poor countries.

Economic consequences will surely come when and after the pandemic ends. But there is one policy that the government can do today without having to rely on debt, without having to depend on the dollar and without having to import. The policy is "printing money" as practiced by many countries today.

MMT adherents assume that the theory of inflation is old-fashioned and not always printing money leads to inflation. But there are certain principles that must be done in printing money, namely the underlying is a multi-layered project, so starting from raw materials and labor must be from within the country, there should not be imported goods.

Printing money based on layered projects will make the economy go round even though the country keeps watering money. That way jobs will remain available, and the economy is evenly distributed.