/biz/ - Business & Finance

someone redpill me on SPACs

>What is Modern Monetary Theory?
>Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan and Canada are not operationally constrained by revenues when it comes to federal government spending. In other words, such governments do not need taxes or borrowing for spending since they can print as much as they need and are the monopoly issuers of the currency.

>MMT challenges conventional beliefs about the way the government interacts with the economy, the nature of money, the use of taxes and the importance of budget deficits. These beliefs, supporters say, are a hangover from the gold standard era and are no longer accurate, useful or necessary.

You bought the dip, right?
Tell me you bought the dip.