Refuting the following video, everyone watch the video first, then read the text

There is an economic theory called MMT

In the 1990s, there were millionaires, diamond bachelors, and now???

In the 1990s, millionaires could be grooms every night, and now?!

For the past 100 years, the global village has been using MMT

In other words, personal debt is indeed debt! National debt theory can borrow endlessly within a reasonable range.

Japan's national debt is over 200% of GDP, and it is still doing well

As long as the economy develops, inflation exists!

Deflation means the economy must be bad!!! (Accompanied by a large number of businesses, is the economic environment of the past two years what you want to see?) It's like a bunch of fools hoping for housing prices to fall; if housing prices don't fall, you can eat four dishes, but if housing prices fall, you might as well eat dirt at home

The next sentence may be a bit harsh (use some brain, don't listen to the domestic idiots in self-media blowing any wind; it's deadly!!)

The following is an explanation of MMT:

- The essence of money: Money is a product of government credit, forcibly issued by the state, and the public generates demand for currency due to the need to pay taxes in the local currency.

- Fiscal logic: The government issuing its own currency fundamentally injects money into society through fiscal deficits, and there is no need to worry about "not being able to repay" (because it can print money independently); taxation is mainly used to regulate inflation rather than "raising money".

- Policy advocacy: The government can stimulate the economy by expanding spending (such as employment guarantee programs), but it must be cautious of excessive currency issuance leading to inflation.#美国加征关税 $BTC