Reply To: State Funding and Modern Monetary Theory


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#49058
Peter
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MMT explains very neatly that any Government with a sovereign currency creates money basically out of thin air and brings it into circulation.
A fine example is Germany after WW2 when the Deutschmark was created and every adult person received some 60 DM “Kopfgeld” and the Reichsmark savings where traded 10/1, where the Reichsmark basically was worthless and did not represent any value.

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