Guest
Jim Rickards talks about Modern Monetary Theory (MMT) also known as Chartalism. The Modern Monetary theory said that money's value is essentially what the state declares it to be and enforce it through taxation. Jim Rickards argues that Modern Monetary Theory ignore the impact on the value of the Dollar in international markets. The concerns include the risk of devaluing the dollar and destabilizing the international monetary system, with historical examples cited. James G. Rickards (29 September 1951) is an American lawyer, investment banker, media commentator, and author on matters of finance and precious metals. Thanks for Watching Plain Finance Reborn, share this video to your friends if you find it helpful. Subscribe to our channel for daily videos on Investing, Economy, Finance, Stock Market, Building Business, and more.
