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Place of Virtual Assets in the Contemporary Monetary Theory


Author: Ertan Tibet


As all art was once contemporary, all economic theories were probably once considered contemporary. The contemporary monetary theory, also known as “modern monetary theory” is a very exciting and different economic theory. The main difference from the neoclassical economic theory is that it describes the currency as a public monopoly and unemployment as evidence that a currency monopolist is overly restricting the supply of the financial assets needed to pay taxes and satisfy savings desires. Obviously, MMT (modern monetary theory) is not a very popular theory among the traditional value investors and b