It's said that states that have suffered hyperinflation prove that modern monetary theory (MMT) is not true. This is the audio version of this video:And this is the transcript:Venezuala, Zimbabwe, the Weimar Republic. Let's be clear: I'm not arguing that things did not end other than disastrously in the Weimar Republic, Zimbabwe, or Venezuela. Let's now look at the situation of the Weimar Republic, and Zimbabwe, and Venezuela then. To therefore say that they prove that modern monetary theory doesn't work is absurd.

Source: Forbes October 10, 2024 09:05 UTC