DrJLT Econ Talk: Social Programs Funded by Money-Printing Is Self-Defeating E001

In recent years, growing demand for new social programs such as UBI (Universal Basic Income) and student loan forgiveness from the American left are mingled with the call for paradigm-changing issues such as Medicare for All. Emerging in an environment of “Modern Monetary Theory”, these demands can lead to the evaporation of the purchasing power of the US Dollar and, thereby, hasten the (perhaps inevitable) decline of the hegemon.

Based on my blog post: https://drjlt.com/post/204/the-road-to-hell-is-paved-with-good-intensions-progressive-social-programs-can-spell-the-end-of-usd-hegemony