Moore Calls MMT 'One of the Stupidest' Ideas for Monetary Policy

The transcript discusses Ray Dalio's view that central banking is declining and may be replaced by modern monetary theory. The speaker criticizes the idea of printing money to create growth, citing examples like Zimbabwe and Venezuela. They advocate for stable prices, lower taxes, free trade, and less regulation to foster economic growth. The speaker expresses concern over the belief in money printing as a viable growth strategy.

What does Ray Dalio believe about the future of central banking?

• It will become more powerful.

• It will be replaced by modern monetary theory.

• It will merge with cryptocurrency systems.

• It will remain unchanged.

According to the speaker, why is the idea of printing money to create growth considered flawed?

• It would make countries like Zimbabwe and Venezuela wealthy.

• It has never been tried before.

• It is too complex to implement.

• It requires international cooperation.

Which of the following is NOT mentioned as a desired economic policy by the speaker?

• Free trade

• Higher taxes

• Stable pricing

• Less regulation

What is the speaker's view on the belief that printing money can lead to growth?

• It is a new economic model.

• It is a widely accepted theory.

• It is a disturbing belief.

• It is a promising idea.

What does the speaker suggest is necessary for businesses to grow and employ more people?

• Increased regulation

• Less regulation

• Higher taxes

• More government control