Not at all. MMT is an effort to further central money creation. It is as bad an idea as CBDCs.
As for the M2, there was a reason that it became a useless metric. To start, money is a lot more than just USD that is out there. Plus, that only measures USD in the domestic banking system, not globally. When we look at the NIIP, we see that, since 2017, there was $10 trillion in net inflows into the US as compared to the outflows.
You dont really believe in that do you?
The Fed doesnt create USD. The money printer go BRR is online meme bullshit.
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Are you in MMT (Modern Money Theory)?
Not at all. MMT is an effort to further central money creation. It is as bad an idea as CBDCs.
As for the M2, there was a reason that it became a useless metric. To start, money is a lot more than just USD that is out there. Plus, that only measures USD in the domestic banking system, not globally. When we look at the NIIP, we see that, since 2017, there was $10 trillion in net inflows into the US as compared to the outflows.
Much of that ends up in the banking system.
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