Can you explain the primary insights of modern monetary theory?Modern Monetary Theory (MMT) is a macroeconomic framework that challenges conventional views on money and government spending. The primary insights of MMT include:Money is a social construct: MMT asserts that money is a social construct and has no intrinsic value. It is created by the government and derives its value from the fact that people accept it as a means of exchange.Governments with fiat currencies can always afford to sp...