Yuzo Kano, CEO of crypto exchange Bitflyer, has warned against implementing Modern Monetary Theory (MMT) in Japan. Kano argues that MMT could result in loss of faith in money, runaway inflation, and economic chaos. He believes that simply spending more money, as advocated by MMT, could lead to disaster and a loss of credibility for the country's currency. Kano highlights the risk of wasteful spending by politicians and warns that if there is too much money and not enough goods, prices could skyrocket. He cautions that inflation may become uncontrollable if MMT is implemented without caution.



Other News from Today