Modern Monetary Theory - How it Could Answer All Of Our Economic Problems: Money

The video discusses the impact of a global financial crisis, highlighting how businesses are shutting down and governments are stepping in with large stimulus packages, leading to increased debt. It contrasts personal debt with government debt, explaining that while individuals are currency users, governments are currency creators. This allows them to fund projects by creating money. The video introduces modern monetary theory, suggesting that governments could potentially fund anything, but are limited by debt ceilings and public opinion. It concludes by acknowledging the limitations of money creation and its implications for economic policy.

In what ways can policymakers utilize their power to create money to address economic issues?

Discuss the potential consequences of limitless cash flow for a country's economy.