AJ UPDATE, 16 MARCH

 AJ

"Modern Monetary Theory (MMT) is an economic framework that argues governments with sovereign control over their currency can spend freely to achieve full employment and public welfare, without worrying about deficits, as long as inflation is managed. Unlike traditional views, MMT says such governments don’t rely on taxes or borrowing to fund spending—they create money. The catch? Inflation must be kept in check through policy tools like taxation or interest rates. Take Iraq as an example: unemployment sits at 14%, and 36 million out of 46 million people rely on ration cards for food. Yet, Iraq’s inflation rate is a low 2.8%, thanks to the Central Bank of Iraq (CBI) tightly controlling the currency rate.

MMT might suggest Iraq could print more money to tackle unemployment and poverty, as long as the CBI keeps inflation stable. Want to dig deeper? Stick around till the end! of this Video" If you have questions, I'll be happy to help.

10:30 AM · Mar 16, 2025