Caution! The site can't guarantee, that text has age permission. The site is not recommended, if you are less than 18 years old.
The site shows example sentences for English words. How the word or phrase could be used in a sentence?
" ... So called "modern monetary policy," up to recently called "unorthodox monetary policy" doesn’t create inflation because it liquidizes illiquid assets by swapping them out for more liquid ones of approximately the same "value." Illiquid assets plummet more in price than liquid assets if no one wants to buy them because illiquidity makes their "real" value harder to substantiate. A central bank merely being prepared to buy illiquid assets makes them worth a lot more than if they weren’t there to bid. MMT doesn’t print money, it swaps assets for money so the net effect is of little net increase in assets to create more money to create more demand without more supply. MMT shifts the balance of asset liquidity towards the cash end so there are enough ready funds to keep the lights on. ... "