Modern Monetary Theory

Modern Monetary Theory should be read in tandem and in context with system dynamics highlighted in Order Out of Chaos: Man's New Dialogue with Nature by Llya Prigogine & Isabelle Stengers. Where does "money" come from? Money is created energy required of any system for stabilization, and for stabilizing modern civilization. Money only has value to the degree it is circulated in a smart manner. Failure to do so creates stagflation (what we have now).

Systems require "energy" inputs for stability as measured by outcomes and outputs. Governments drive the economy and function as the "energy," not the billionaires. In fact, wealth is created and circulated by the engine - a government. When governments don't spend or allocate money where it is needed or in ways that fail to respond to various economic sectors and conditions, economic stagflation results. Stagflation is defined as slow growth (or no growth), high unemployment (no or low job creation) and high inflation.