Dear @schubes

Great choice of topic. Financial education is something we all need and I really enjoyed reading your publication and I found it very valuable.

Recently I've been learning a lot about inflations, value of currency, printing money, debts etc. All those aspects that are part of our globacl economy. And I also have some trouble putting it all together.

MMT proposes that a country that is the sole controller over their monetary supply, like the United States, can never default on their debt

Ehm. I'm afraid I've lost you here. US cannot default their debt? I didn't know that.

In fact MMT would prefer the interest rate to be 0 permanently

I've learned that in Switzerland interest rates are negative. I wonder what MMT would have to say about it :)

It seems like a bit of a gamble that requires continued growth. Whether or not we can expect continuous growth is another topic.

Economy growth is build pretty much on growth of debt (since new money = new debt and debt=money). Question is: how much longer can we all increase our debts? One day this train will have to crash ....

ps. we're living in very interesting times. I wonder if we will witness all current economies collapsing within our lifetime. I hope not.

Yours
Piotr