Fiat currency and the lunacy of MMT

Dear Reader, Let's talk about lunacy… The kind those who control legacy financial systems impose on citizens. Like, for example, the lunacy of Modern Monetary Theory (MMT). In case you don't know, MMT says that money comes from the government.  The government thus has the power to print all the money it wants. Without regard to economics.  The money is used as a tool to prevent the natural market cycles from doing what natural market cycles do — go up and down. Thus, by applying MMT, governments can prevent market downturns.  This insanity is now a common way governments deal with everything.  So, they're printing money by the bushel.  Debasing currencies as a result. But getting the "benefit" of paying for what they want by turning on the money printing presses at will.  This is a big reason adopting a decentralized currency is so important.  For one, currency debasement helps to cause inflation. For two, it robs people of their buying power. For three, it puts way too much power in the hands of a few.  There's another big problem with this idea.  In the near future fiat currencies — which we already know are not worth the paper they're printed on — will essentially be worth… Nothing! After all, when the supply exceeds the demand… Value drops like a lead balloon out of the sky. While the legacy system continues to wreak havoc on its fiat currencies… Cointelegraph Markets Pro offers traders an opportunity to capitalize on the natural short term cycles in the crypto market.  Regards, Max K. Markets Pro Team © 2023 COINTELEGRAPH MARKETS PRO COINFIDENTIAL. Copyright © 2023 Cointelegraph Markets Pro, All rights reserved. You are receiving this email because you opted in at our website. Our mailing address is: Cointelegraph Markets Pro 21 W 46th St New York, NY 10036-4119 Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.