LEO learning session: Modern Monetary Theory and endless Money Printing

HEY LEO FAM!

Today I've been researching on a very interesting topic that couldn't be more perfect in todays world of inflation and "unlimited money printing".

This actual item at hand is Modern Monetary Theory, which is a theory that attempts to describe currency along with unemployment -- something that has been in play even since the Great Recession of 2007-2009.

The Theory itself was from famed Georg Fridrich Knapp, who said "money is a creature of law" instead of just a commodity.

In his original works, he stated value of a currency unit is completely dependent on the quantity of the precious metal it contains or which it could be exchanged for.

As many of you know at one point the US DOLLAR had a GOLD STANDARD and backed by a precious metal, that has clearly gone away!

In this further conclusion, in the 1900's Mitchell-Innees argued that actually money exists not as a medium of exchange but as a standard of deferred payment, and that this government money being debt the government may reclaim through taxation.

What do you guys think about this entire process? Is this song and dance going to eventually catch up to the endless printing machines?

We're now seeing THE EURO about to enter it's endless printing phase with the new lockdowns in Germany and many other EURO nations!

@originate Developer & Market Analyst