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What is Modern Monetary Theory (MMT)? In this video, we break down the core concepts of MMT to help you understand how it actually works. Whether you're an economics student or just curious about what is mmt and how it differs from traditional economic theories, this simple guide covers the essentials clearly. In this lesson, we explore fiat currency, government spending, and the relationship between taxation and inflation to give you a solid foundation in this popular, yet controversial, economic framework. Video Chapters: 0:00 Introduction 3:16 What is a Fiat Currency? 5:16 Scenario 1: Creating Money with Spare Capacity 6:28 Scenario 2: Full Capacity and Inflation 8:16 If governments can create money, why tax? 11:05 Summary: MMT Explained #WhatIsMMT #MMT #economicsexplained

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