See examples of As much money as in English. Real sentences showing how to use As much money as correctly. Yet, it’s got to be said that once again a combination of shrewd moves and clever endorsement negotiation has seen both become top earners in the league. With no further adieu, let’s get into Perhaps that’s why one Twitter user seemed surprised by the platform’s relative scale. “I don’t know anyone who uses Zelle..but it’s handling 2x Venmo and Cash App combined,” read a Payment methods. If you want to buy software from Perfect money or Paypal, click PRODUCTS, click the software link you want to buy. After that, you will find the purchase links, in the details page of the software. After you send the payment successfully, the details of your software will be sent to your email address by our system automatically. Monetary Base (Federal Reserve) As can be seen, the Monetary Base has fallen modestly since then to around $5,600.0 billion as the Fed has reduced the size of its securities portfolio, but it is According to the U.S. Bureau of Labor Statistics, in May 2021, the median annual salary for medical assistants was $37,190. In the same period, the lowest 10% of medical assistants earned less than $29,070, and the highest 10% made over $48,170. Medical assistants earn a little less than most other occupations. JsDe. Winner takes all in Turkey tonight Picture Michael Regan - UEFA/UEFA via Getty ImagesManchester City and Inter Milan are ready to do battle in tonight's Champions League final in Istanbul. Pep Guardiola's side are just 90 minutes away from becoming just the second English club to secure the treble after arch-rivals United did so in 1999. Their Italian opponents, meanwhile, are eyeing their fourth title in the famous tournament having last stood on the top step of European football in 2010. But whilst the players are competing for so much more than just money, it is also true that the victors will walk away substantially richer than when they started the night. Let's look at the Champions League prize money awaiting either Manchester City or Inter Milan with millions set to watch back home on TV. How much do the Champions League winners get? The Champions League winners can expect to earn £17 million in prize money for their efforts from the game alone. The runners-up, meanwhile, will be consoled with around £13 million in prize money. The iconic trophy is up for grabs once again Picture Michael Regan - UEFA/UEFA via Getty ImagesHowever, the two finalists will walk away with significantly more money than this in their bank accounts. This is because prize money is handed out as teams progress through each stage of the competition. Around £ million is handed out for every win in the group stage, meaning that Manchester City and Inter Milan will earn somewhere between £50 million and £60 million in total prize money from their run in the Champions League. And this is not including revenue from TV, which adds yet more money to club coffers. The TV pot is worth somewhere in the region of £260 million and is split between teams based on market value and past results in the competition. As such, the winning team on Saturday will be given over £80 million when prize money is added to TV revenue. How much will the players receive in bonuses? It is standard practice for players to have Champions League winning bonuses inserted into their contracts. According to the Daily Mail, leading Manchester City players such as Kevin De Bruyne are in line to receive payouts in the region of £1 million should they emerge victorious in the Turkish capital. The City squad would already have received bonuses for winning the Premier League and FA Cup so far this season. MORE How many trophies has Pep Guardiola won as a manager in his career? MORE West Ham chairman David Sullivan confirms Arsenal target Declan Rice has played his last game for the club Follow Metro across our social channels, on Facebook, Twitter and Instagram Share your views in the comments below Having put down her third round opponent, Mirra Andreeva of Russia in convincing fashion, it’s now clear that Coco Gauff has come to Roland Garros in search of her first Grand Slam singles title at the French Open. Of course, there is still a way to go. On Monday she will take on Slovakia’s Anna Karolina Schmiedlova and if she manages to make it past her, could potentially face the woman who beat her in last year’s French Open final and current world No. 1, Iga Swiatek. There is also the matter of her doubles commitment as well. Gauff alongside her American partner Jessica Pegula, is set to take on Belgium’s Greet Minnen and Anna Bondar of Hungary in the doubles quarterfinals as well. That means, there is a chance that Gauff could follow in the footsteps of Barbora Krejcikova, to become the 11th woman this century to win slams in singles and doubles at the same tournament, and one of an elite few to land her first major victories at the same time at the same tournament. It likely won’t hurt that the 19-year-old could also see her bank balance increase significantly as Open singles winner to take home $ millionThe winner of the women’s singles title at Roland Garros this year will pocket $ million, which represents a increase on the amount awarded last year, while the women’s doubles winners will share a cheque for $$614,231, which is an increase of That would land Gauff close to half of what she’s earned in her career so far, approximately $6 million. It’s worth noting that Gauff has already reached a doubles grand slam final, at the US Open in 2021. Her first Tour-level victory came in 2019 at the Linz Open, where she qualified as a lucky loser and beat 2017 French Open champion Jelena Ostapenko in the final, making her the youngest player to win a WTA title since Gauff’s off-court earningsSince stepping into the spotlight at the 2020 Australian Open, where she defeated Serena Williams in the opening round, before eventually beating defending champion Naomi Osaka in the third, Gauff has gone on to be somewhat inconsistent. With that said, there is no doubt that the 19-year-old is a rising star of the game who will likely come into her own very soon. With that, it’s not hard to see why brands have gravitated toward her. Consider for a moment that according to Forbes, she was making roughly $1 million in 2019. Today, that figure stands at approximately $4 million, a significant increase to say the least. Where sponsors are concerned, she’s known to have affiliations with New Balance, Head her racket supplier, Barilla, which also sponsors Roger Federer and American Eagle. as much ... as tanto tanta ... comoI haven’t got as much energy as you no tengo tanta energía como túyou’ve got as much as she has tienes tanto como ellayou spend as much as me or as I do tú gastas tanto como yoit didn’t cost as much as I had expected no costó tanto como yo me esperabait can cost as much as $2,000 puede llegar a costar dólaresSee full dictionary entry for as belowCopyright © by HarperCollins Publishers. All rights reserved. as [æz ] [əz ] For set combinations in which as is not the first word, eg such ... as, the same ... as, dressed as, acknowledge as, look up the other in time clauses a. You can usually use cuando when the as clause simply tells you when an event happened cuando as I was passing the house cuando pasaba por delante de la casahe came in as I was leaving entró cuando yo salía b. Alternatively, use al + infinitivehe came in as I was leaving entró al salir yohe tripped as he was coming out of the bank tropezó al salir or cuando salía del bancoas the car drew level with us, I realized Isabel was driving al llegar el coche a nuestra altura or cuando el coche llegó a nuestra altura, me di cuenta de que lo conducía Isabel c. Translate as using mientras for longer actions which are happening at the same time = while mientras as we walked, we talked about the future mientras caminábamos, hablábamos del futuroas we speak en estos momentos ⧫ mientras hablamosthe deal is being signed as we speak el acuerdo se está firmando en estos momentos d. In the context of two closely linked actions involving parallel development, translate as using a medida que or conforme. Alternatively, use según va etc + gerundas one gets older, life gets more and more difficult a medida que se envejece or conforme se envejece or según va uno envejeciendo, la vida se hace cada vez más difícilas he got older he got deafer a medida que or conforme envejeció se fue volviendo más sordo ⧫ según fue envejeciendo se fue volviendo más sordo 2. in reason clausesWhen as means “since” or “because”, you can generally use como, provided you put it at the beginning of the sentence. Alternatively, use the more formal puesto que either at the beginning of the sentence or between the clauses or ya que especially between the clauses. como more frmpuesto que ⧫ ya queas you’re here, I’ll tell you como estás aquí or puesto que estás aquí, te lo diréhe didn’t mention it as he didn’t want to worry you como no quería preocuparte, no lo mencionó ⧫ no lo mencionó puesto que no quería preocupartehe couldn’t come as he had an appointment no pudo asistir porque or puesto que or ya que tenía un compromisopatient as she is, she’ll probably put up with it con lo paciente que es, seguramente lo soportará3. describing way, manner como leave things as they are dejad las cosas como estánI’m okay as I am estoy bien tal como estoyknowing him as I do, I’m sure he’ll refuse conociéndolo como lo conozco, estoy seguro de que no aceptaráthe village, situated as it is near a motorway, ... el pueblo, situado como está cerca de una autopista, ...as I’ve said before ... como he dicho antes ...as I was saying ... como iba diciendo ...her door is the first as you go up su puerta es la primera según se subeshe is very gifted, as is her brother tiene mucho talento, al igual que su hermanoyou’ll have it by noon as agreed lo tendrá antes del mediodía, tal como acordamosit’s not bad, as hotels go no está mal, en comparación con otros hotelesas in all good detective stories como en toda buena novela policíacaas you know como sabeArsenal are playing as never before! ¡Arsenal está jugando mejor que nunca!as often happens como suele ocurrirhe performed brilliantly, as only he can actuó de maravilla, como solo él sabe hacerloas you were! Military ¡descansen!do as you wish haga lo que quiera 4. = though aunque tired as he was, he went to the party aunque estaba cansado, asistió a la fiestainteresting as the book is, I don’t think it will sell very well el libro es interesante, pero aún así no creo que se venda bien ⧫ aunque el libro es interesante, no creo que se venda bientry as she would or might, she couldn’t lift it por más que se esforzó no pudo levantarlounlikely as it may seem ... por imposible que parezca ...5. in set structuresas if or as though como siit was as if or as though he were still alive era como si estuviera todavía vivohe looked as if or as though he was ill parecía como si estuviera enfermoit isn’t as if or as though he were poor no es que sea pobre, que digamosas if she knew! ¡como si ella lo supiera!as if to the little dog nodded his head, as if to agree el perrito movió la cabeza, como asintiendoas in it’s spelled with V as in Valencia se escribe con V de Valenciaas it is as it is, it doesn’t make much difference en realidad, casi da lo mismoas it is we can do nothing en la práctica or tal y como están las cosas no podemos hacer nadaI’ve got quite enough to do as it is tengo ya bastante trabajoas it were I’d understood the words, but I hadn’t understood the question, as it were había entendido las palabras, pero no había comprendido la pregunta, por así decirloI have become, as it were, two people me he convertido como en dos personashe was as it were tired and emotional estaba de alguna forma cansado y con los nervios a flor de pielas was that’s the headmistress, the deputy as was esa es la directora, que antes era la subdirectora preposition1. = whileshe was often ill as a child de pequeña se ponía enferma con frecuencia 2. = in the capacity of como he succeeded as a politician tuvo éxito como políticoI don’t think much of him as an actor como actor, no me gusta muchoshe treats me as her equal me trata de igual a igualwe’re going as tourists vamos en plan de turismohe was there as adviser estaba allí en calidad de asesorGibson as Hamlet Theatre Gibson en el papel de Hamlethe works as a waiter trabaja de camarero see also such pronounadverb1. in comparisonsas ... as tan ... comoI am as tall as him soy tan alto como élthis tree can grow as tall as 50 feet este árbol puede llegar a medir 50 pies de altoas big as a house tan grande como una casashe hit him as hard as she could lo golpeó lo más fuerte que pudo ⧫ lo golpeó tan fuerte como pudohe was writing as long ago as 1945 en 1945 ya escribíashe doesn’t walk as quickly or as fast as me no camina tan rápido como yowalk as quickly or as fast as you can camina lo más rápido que puedashe ate as quickly as possible comió lo más rápido posibleit was still being done by hand as recently as 1960 en 1960 todavía seguía haciéndose a manothe fresh snow was as white as white could be la nieve fresca era todo lo blanca que podía seris it as far as that? ¿tan lejos está?is it as big as all that? ¿es de verdad tan grande?as little as by saving as little as ten pounds a month ahorrando tan solo diez libras al mesas many ... as tantos tantas ... comoI haven’t got as many pairs of shoes as you no tengo tantos pares de zapatos como túI’ve got a lot of tapes but I haven’t got as many as him or as he has tengo muchas cintas, pero no tantas como élshe gets as many as eight thousand letters a month llega a recibir hasta ocho mil cartas al mesas much she thought he was an idiot, and said as much pensaba que era un idiota, y así lo expresóas much ... as tanto tanta ... comoI haven’t got as much energy as you no tengo tanta energía como túyou’ve got as much as she has tienes tanto como ellayou spend as much as me or as I do tú gastas tanto como yoit didn’t cost as much as I had expected no costó tanto como yo me esperabait can cost as much as $2,000 puede llegar a costar dólaresas one they all stood up as one se levantaron todos a la vezhalf/twice/three times as ... it’s half as expensive es la mitad de caroit’s twice as expensive es el doble de caroit’s three times as expensive es tres veces más caroshe’s twice as nice as her sister es el doble de simpática que su hermanaher coat cost twice as much as mine su abrigo costó el doble que el míowithout as or so much as she gave me back the book without as much as an apology me devolvió el libro sin pedirme siquiera una disculpa 2. in set structuresas for as for the children, they were exhausted en cuanto a los niños, estaban rendidos ⧫ los niños, por su parte, estaban rendidosas for that ... en cuanto a esto ...as from as from tomorrow a partir de mañanaas of as of yesterday/now a partir de ayer/ahoraas to as to that I can’t say en lo que a eso se refiere, no lo séas to her mother ... en cuanto a su madre ...to question sb as to his intentions preguntar a algn sus intencionesthey make decisions as to whether students need help deciden si los alumnos necesitan ayudahe inquired as to what the problem was preguntó cuál era el problema see also regard transitive verbCopyright © by HarperCollins Publishers. All rights of 'as much ... as' in a sentence as much ... asExample sentences from the Collins Corpus These examples have been automatically selected and may contain sensitive content that does not reflect the opinions or policies of Collins, or its parent company HarperCollins. Are those being used as much as they should be?The conjuring is about sustainability as much as at home as much as have to look after them as much as we can feel as much as you can see and as much as it used to cost to get her into he has not been able to devote enough time to them and has not progressed as much as he this could suggest self-knowledge as much as bank hopes to withdraw as much as 50 billion of assets from the is thought the company hopes to raise as much as 100m from the sentences from Collins dictionariesHis coat cost twice as much as eat as much as I want, so long as it is enjoy pleasure as much as the next hate Lewis and his kind just as much as you like to know as much as possible about my want to learn as much as possible about the industry so that I'm better kept out of his way as much as I done as much as possible on these father never saved money and perhaps I reacted against that. I save as much as I in my life have I seen anyone drink as much as you. conjunction 1. referring to time 当⋯时 [dāng…shí]he came in as I was leaving 我离开时他进来了 [wǒ líkāi shí tā jìnlai le]as the years went by 随着时间的推移 [suízhe shíjiān de tuīyí] 2. since, because 因为 [yīnwèi]as you can’t come, I’ll go on my own 既然你不能来，我就自己去 [jìrán nǐ bùnéng lái, wǒ jiù zìjǐ qù]3. referring to manner, way 像⋯一样 [xiàng…yīyàng]as you can see 如你所见到的 [rú nǐ suǒ jiàndào de]as she said 如她所说 [rú tā suǒshuō]do as you wish 按你的愿望去做 [àn nǐ de yuànwàng qù zuò]it’s on the left as you go in 在你进入时的左侧 [zài nǐ jìnrù shí de zuǒcè] preposition 1. in the capacity of 作为 [zuòwéi]he works as a sales representative 他做推销员的工作 [tā zuò tuīxiāoyuán de gōngzuò]as a teacher, I am very aware that… 作为老师，我非常清楚⋯ [zuòwéi lǎoshī, wǒ fēicháng qīngchǔ…]she was dressed as a nun 她穿得像个修女 [tā chuān de xiàng gè xiūnǚ]he gave it to me as a present 他把它作为礼物送给我 [tā bǎ tā zuòwéi lǐwù sòng gěi wǒ]to come as a surprise/shock 出人意料/令人震惊地来了 [chū rén yì liào/lìng rén zhènjīng de lái le] 2. when 在⋯时 [zài…shí]he was very energetic as a child 他小时候精力很旺盛 [tā xiǎoshíhou jīnglì hěn wàngshèng]adverb 1. in comparisonsas big/good/easy etc as… 像⋯一样大/好/容易等 [xiàng…yīyàng dà/hǎo/róngyì děng]you’re as tall as he is or as him 你和他一样高 [nǐ hé tā yīyàng gāo]twice as big/good etc as… ⋯的两倍大/比⋯好得多 […de liǎng bèi dà/bǐ…hǎo de duō]as much money/many books as… 同⋯一样多的钱/书 [tóng…yīyàng duō de qián/shū]as much/many as… 和⋯一样 [hé…yīyàng]as soon as 一⋯就⋯ [yī…jiù…] 2. in expressionsas if or though 好像 [hǎoxiàng]you think I’m lying to you? as if I would! 你认为我在向你撒谎吗？我才不会呢！ [nǐ rènwéi wǒ zài xiàng nǐ sāhuǎng ma? wǒ cái bùhuì ne!]as from or of tomorrow 从明天起 [cóng míngtiān qǐ]as for or to that 至于那一点 [zhìyú nà yī diǎn]he inquired as to what the problem was 有关存在什么问题，他进行了了解 [yǒuguān cúnzài shénme wèntí, tā jìnxíngle liǎojiě] Copyright © by HarperCollins Publishers. All rights reserved. Wages in football have been skyrocketing in recent years and some of the biggest names in the sport have been realising that they can end their career away from the European spotlight and earn much more money in the became one of those destinations just over a decade ago as the investment in the league started to boom, but then China did the same and many players chose to spend a year or two in Asia to bolster their finances before heading back to Europe. MLS has always remained a destination for handsome pay and a decent level of football, but the increased involvement of the Gulf States in the sport has meant that the Middle East is now where you really go if you want the silly money. Despite having the option to do that, Lionel Messi has chosen to sign for Inter Miami in MLS, teaming up with David Beckham but, sadly, not Phil MORE ON LIONEL MESSI'S MOVE TO INTER MIAMIThe Argentine is one of the richest athletes in the world / Jean Catuffe/GettyImages“If it had been a matter of money, I’d have gone to Saudi Arabia or elsewhere," said Messi as he confirmed his decision to move to MLS. "It seemed like a lot of money to me. The truth is that my final decision goes elsewhere and not because of money." An offer worth in excess of €400m per season was waiting for Messi in Saudi Arabia, where Al Hilal were ready to hand out that unfathomable amount of money, but the allure of Miami proved too strong to turn terms of his base salary at Inter Miami, Messi is going to be getting significantly less than that. While there is some mystery over the exact terms of his contract, the general belief seems to be that he will get £43m per season at Inter Miami. That is very low in comparison to Saudi Arabia, but there are going to be a number of perks. He may be handed a purchase option of an MLS club for when he retires, which is what Beckham received at LA Galaxy. Brands such as Apple and adidas are reported to have been a part of the project to acquire Messi. A $ deal was signed by Apple and MLS earlier this year and it is thought Messi is going to be a part of that. Furthermore, adidas are said to have been looking into a profit-sharing agreement with Messi. The specifics are not known and may never be known fully, but what is clear is that Messi will be pocketing a lot more than £43m per season from this had hoped to seal an emotional return to Barcelona / PAU BARRENA/GettyImagesThere are various reasons as to why this came to fruition rather than a return to Barcelona. There was certainly a desire from the Blaugrana and the player himself to organise a return, but it just seemed too precarious an economic Barcelona's business plan has been given the green light by La Liga, there would have been a lot of juggling to do and Messi confirmed to Sport and Mundo Deportivo that he was not prepared to wait around and risk being heartbroken again - as was the case when he first left."I did not want to be in the same situation again – wait to see what would happen and leave my future in someone else’s hands, so to speak," he explained."I heard that they had to sell players or lower player salaries and the truth is that I didn’t want to go through that, or take charge of obtaining something that had to do with all that."Barcelona certainly seem aggrieved by the situation, with part of their statement reading "President Joan Laporta understood and respected Messi’s decision to want to compete in a league with fewer demands, further away from the spotlight and the pressure he has been subject to in recent years.”As for not choosing the riches of Saudi Arabia, it is worth noting that Messi still has plenty of ties with the country. He is an ambassador for Saudi Arabia and already enjoys the financial benefits that come with that. It may well have been a surprise for the Saudi government that Messi snubbed their league, though. It is likely that Inter Miami provides the best middle ground between earning lots of money at a stable club, while still being in a fairly competitive environment where he can remain in contention to play at the Copa America with Argentina. What Is Modern Monetary Theory? Modern monetary theory MMT is a heterodox macroeconomic supposition that asserts that monetarily sovereign countries such as the Japan, and Canada which spend, tax, and borrow in a fiat currency that they fully control, are not operationally constrained by revenues when it comes to federal government spending. Put simply, modern monetary theory decrees that such governments do not rely on taxes or borrowing for spending since they can print as much money as they need and are the monopoly issuers of the currency. Since their budgets aren’t like a regular household’s, their policies should not be shaped by fears of a rising national debt. Several other differences also exist between mainstream monetary theory and modern monetary theory, the most important being the sequence of events that emerges from loans and deposits, and from government spending and taxes. Key Takeaways Modern monetary theory MMT challenges conventional beliefs about how the government interacts with the economy, the nature of money, the use of taxes, and the significance of budget beliefs, critics say, are a hangover from the gold standard era and are no longer accurate, useful, or is used in policy debates to argue for such progressive legislation as universal healthcare and other public programs for which governments claim to not have enough money to fund. Watch Now Modern Monetary Theory MMT Explained Core Principles of Modern Monetary Theory MMT The central idea of modern monetary theory is that governments with a fiat currency system under their control can and should print or create with a few keystrokes in today’s digital age as much money as they need to spend because they cannot go broke or be insolvent unless a political decision to do so is taken. Some say such spending would be fiscally irresponsible, as the debt would balloon and inflation would skyrocket. But according to MMT Large government debt isn’t the precursor to collapse that we have been led to believe it is;Countries like the can sustain much greater deficits without cause for concern; andA small deficit or surplus can be extremely harmful and cause a recession since deficit spending is what builds people’s savings. MMT theorists explain that debt is simply money that the government put into the economy and didn’t tax back. They also argue that comparing a government’s budgets to that of an average household is a mistake. While supporters of modern monetary theory acknowledge that inflation is theoretically a possible outcome from such spending, they say it is highly unlikely and can be fought with policy decisions in the future if required. They often cite the example of Japan, which has much higher public debt than the Government Money Creation According to modern monetary theory, the only limit that the government has when it comes to spending is the availability of real resources, like workers, construction supplies, etc. When government spending is too great with respect to the resources available, inflation can surge if decision-makers are not careful. Taxes create an ongoing demand for currency and are a tool to take money out of an economy that is getting overheated, says MMT. This goes against the conventional idea that taxes are primarily meant to provide the government with money to spend to build infrastructure, fund social welfare programs, etc. “[W]hat happens if you were to go to your local IRS office to pay your taxes with actual cash?” wrote MMT pioneer and American economist Warren Mosler in his book "The 7 Deadly Innocent Frauds of Economic Policy." “First, you would hand over your pile of currency to the person on duty as payment. Next, they’d count it, give you a receipt and, hopefully, a thank you for helping to pay for social security, interest on the national debt, and the Iraq war. Then, after you, the taxpayer, left the room, they’d take that hard-earned cash you just forked over and throw it in a shredder.” Modern monetary theory says that a government doesn’t need to sell bonds to borrow money, since that is the money it can create on its own. The government sells bonds to drain excess reserves and hit its overnight interest rate target. Thus the existence of bonds, which Mosler calls “savings accounts at the Fed,” is not a requirement for the government but a policy choice. Unemployment is the result of governments spending too little while collecting taxes, according to MMT. It says those looking for work and unable to find a job in the private sector should be given minimum-wage transition jobs funded by the government and managed by the local community. This labor would act as a buffer stock to help the government control inflation in the economy. Origins of MMT Modern monetary theory was developed by Mosler and bears similarities to older schools of thought like functional finance and chartalism. Mosler first began thinking about some of the concepts that form the theory in the 1970s, when he worked as a Wall Street trader. He eventually used his ideas to place some smart bets at the hedge fund he founded. In the early 1990s, when investors were afraid Italy would default, Mosler understood this wasn’t a possibility. His firm and his clients became the largest holders of Italian lira-denominated bonds outside of Italy. Italy did not default, and instead made $100 million in profits. Mosler, who has a in Economics from the University of Connecticut, was largely ignored by the academic world when he tried to communicate his theories. In 1993, he published a seminal essay called “Soft Currency Economics” and shared it on a post-Keynesian listserv, which is where he found others like Australian economist Bill Mitchell, who agreed with him. Support for MMT grew in large part thanks to the internet, where economists explained the theory on popular personal and group blogs, the idea of a trillion-dollar coin was widely discussed, and supporters shared a clip of former Federal Reserve Chairman Alan Greenspan saying pay-as-you-go benefits aren’t insecure because “there’s nothing to prevent the federal government from creating as much money as it wants and paying it to somebody.” Political leaders like Alexandria Ocasio-Cortez and Bernie Sanders have espoused MMT, and economist Stephanie Kelton, who first came across Mosler’s ideas on the listserv and is now arguably the face of the theory, served as chief economic adviser to Sanders during his 2016 presidential campaign. A Shift in Paradigm Modern Money Theory also involves a paradigm shift from two-body problem-solving to three-body the classic economics paradigm is characterized as a two-body problem where taxes equals money in and spending equals money out, MMT turns the tax and spending factors into a three-body takes into account the fact that sovereign governments can legally print their own money. Thus, spending or printing new money is legal and no longer a problem, as long as spending new money into the economy keeps the following three economic indicators healthyEmployment-unemploymentInflationContinued investment in domestic factories and production. Criticism of MMT Modern monetary theory has been called naive and irresponsible by critics. American economist Thomas Palley has said its appeal lies in it being a “policy polemic for depressed times.” He has criticized various elements of the theory, like the suggestion that central bank interest rates be maintained at zero, and said it provides no guidance to countries like Mexico and Brazil and does not take into account political complications arising from vested interests. Nobel Prize-winning economist Paul Krugman’s views on debt are similar to many MMT ideologues, but Krugman has been strongly opposed to the theory. In an op-ed in The New York Times in 2011, he warned the would see hyperinflation if it was put into practice and investors refused to buy bonds. “Do the math, and it becomes clear that any attempt to extract too much from seigniorage—more than a few percent of GDP, probably—leads to an infinite upward spiral in inflation,” he wrote, “In effect, the currency is destroyed. This would not happen, even with the same deficit, if the government can still sell bonds.” Michael R. Strain, the resident scholar at the American Enterprise Institute, has argued that MMT’s proposal that taxes can be used to reduce inflation is also flawed. “Raising taxes would only make a downturn worse, increasing unemployment and further slowing the economy,” he said in a Bloomberg column. How Does MMT Differ from Mainstream Theories of Money and Banking? Modern monetary theory is a falsifiable empirical monetary theory that sets out to explain the real world, whereas mainstream economic theory sets out from model assumptions and then moves to the real world. Critics, however, have argued that MMT is not a true theory because there is no mathematical model associated with it. MMT is essentially a balance sheet approach to macroeconomics that sees government spending accomplished through money creation, and not through raising taxes. Another major difference is that mainstream theory posits that deposits create loans, whereby MMT suggests that loans are what create deposits. What Does MMT Say About Government Debt? Modern monetary theory argues that the government can never run out of money because it can always create more of it. As a result, sovereign governments that control their own money unlike EU members, for instance can never default on their own debt since they can always create enough new money to cover the existing and future obligations. How Does MMT Deal With Inflation from Money Creation? Modern monetary theory proponents argue that high inflation rates should not occur unless there is full employment in the economy. But, if the government spends too much, the excess demand will also cause inflation. In either case, MMT suggests that inflation can be curtailed by reducing government spending and raising taxes.

as much money as