12 Alternatives of the IELTS English Proficiency Test

Are you looking to prove your English proficiency? Whether you need to take an English language exam for academic or professional purposes, there are many alternatives to the International English Language Testing System (IELTS).

Here are 12 options to consider:

1. TOEFL (Test of English as a Foreign Language) – This test is accepted by more than 11,000 universities and institutions in over 150 countries worldwide. It measures proficiency in American English and is often required for admission to universities in the United States and Canada.
2. TOEIC (Test of English for International Communication) – This test focuses on English used in the workplace and is often required by employers in industries such as finance, hospitality, and healthcare. It measures proficiency in both listening and reading comprehension.
3. Cambridge English Exams – These exams come in a variety of levels, from A1 (beginner) to C2 (proficient), and are widely recognized by universities and employers around the world. They assess all four language skills: listening, speaking, reading, and writing.
4. Pearson Test of English – This computer-based test measures proficiency in everyday English and is accepted by universities and governments worldwide. It assesses all four language skills and provides results within 48 hours.
5. Trinity College London Exams – These exams assess proficiency in spoken English and are often required for non-native speakers who want to work in the UK. They measure listening and speaking skills and are recognized by universities and employers.
6. Oxford Test of English – This online test measures proficiency in both academic and everyday English and is accepted by universities and institutions worldwide. It assesses all four language skills and provides results within 14 days.
7. LanguageCert International ESOL – This test assesses proficiency in everyday English and is accepted by universities and employers around the world. It measures all four language skills and provides results within 3-5 days.
8. STEP Eiken – This test is widely used in Japan to measure English proficiency in both written and spoken language. It assesses all four language skills and is recognized by universities and employers in Japan.
9. BULATS (Business Language Testing Service) – This test focuses on business English and is often required by employers in industries such as finance, marketing, and technology. It assesses all four language skills and provides results within 48 hours.
10. ACTFL (American Council on the Teaching of Foreign Languages) – This test measures proficiency in a variety of languages, including English, and is often used by language teachers and schools to assess proficiency. It assesses all four language skills and provides results within 4-6 weeks.
11. iTEP (International Test of English Proficiency) – This test measures proficiency in both academic and everyday English and is accepted by universities and institutions worldwide. It assesses all four language skills and provides results within 24 hours.
12. Linguaskill – This test assesses proficiency in both academic and everyday English and is often used by universities and employers around the world. It measures all four language skills and provides results within 48 hours.

These are just a few of the many alternatives to the IELTS test. It’s important to research and choose the test that best fits your needs and goals. Good luck!

The Key principles before choose any language test

When it comes to choosing an English proficiency test, there are several factors to consider, such as the purpose of the test, the level of proficiency required, and the recognition of the test by the institutions or employers that require it. By researching and comparing different tests, you can find the one that best suits your needs and helps you achieve your goals.

The TOEFL test, for example, is widely recognized by universities in the United States and Canada, and measures proficiency in American English. It assesses all four language skills: reading, listening, speaking, and writing, and provides detailed feedback on each section. The TOEIC test, on the other hand, focuses on English used in the workplace and is often required by employers. It measures listening and reading comprehension and provides a score that reflects the candidate’s ability to communicate in an international business environment.

If you’re looking for a test that assesses proficiency in spoken English, the Trinity College London Exams could be a good option. These exams are recognized by universities and employers in the UK and measure speaking and listening skills in real-life situations, such as interviews, presentations, and discussions.

For those who need to prove their proficiency in both academic and everyday English, the Oxford Test of English or the iTEP test could be a good fit. These tests assess all four language skills and provide results within a short period of time.

If you’re looking for a test that assesses proficiency in business English, the BULATS test could be a good option. This test is recognized by employers in various industries and measures all four language skills in a business context.

No matter which test you choose, it’s important to prepare well in advance and familiarize yourself with the test format and requirements. You can find many resources online, such as practice tests, study materials, and tips from test takers who have already taken the test.

In conclusion, there are many alternatives to the IELTS test, each with its own strengths and purposes. By choosing the right test and preparing well, you can prove your English proficiency and achieve your academic or professional goals. Good luck!

10 Alternatives to Fiverr for Freelancers and Businesses

Fiverr is a popular online marketplace that connects freelancers with businesses looking for their services. However, it’s not the only platform of its kind out there. In this post, we’ll be exploring 10 alternatives to Fiverr for freelancers and businesses.

1. Upwork

Upwork is one of the largest online marketplaces for freelancers. It offers a wide range of freelance services, including graphic design, writing, and programming. Upwork is known for its extensive vetting process, which ensures that only top-quality freelancers are accepted onto the platform. Upwork is also known for its flexible payment system, which allows businesses to pay freelancers by the hour or by the project.

2. Freelancer

Freelancer is another large online marketplace for freelancers. It offers a wide range of services, including web design, writing, and marketing. Freelancer is known for its competitive pricing, which can make it a great option for businesses on a tight budget. Freelancer also has a user-friendly interface, which makes it easy for businesses to find and hire top-quality freelancers quickly.

3. Guru

Guru is a platform that connects freelancers with businesses in need of their services. It offers a wide range of freelance services, including web development, writing, and design. Guru is known for its user-friendly interface and its ability to connect businesses with high-quality freelancers quickly. Guru also offers a project management system, which can help businesses collaborate with freelancers more effectively.

4. PeoplePerHour

PeoplePerHour is a UK-based online marketplace that connects businesses with freelancers. It offers a wide range of services, including web development, graphic design, and writing. PeoplePerHour is known for its affordable pricing and its ability to connect businesses with top-quality freelancers quickly. PeoplePerHour also offers a project management system, which can help businesses keep track of their projects more effectively.

5. 99designs

99designs is a platform that connects businesses with freelance designers. It offers a wide range of design services, including logo design, web design, and packaging design. 99designs is known for its high-quality design work and its ability to connect businesses with top-quality designers quickly. 99designs also offers a project management system, which can help businesses collaborate with designers more effectively.

6. Toptal

Toptal is a platform that connects businesses with top-quality freelancers in fields such as software development, design, and finance. It’s known for its rigorous screening process, which ensures that only the top 3% of freelancers are accepted onto the platform. Toptal is also known for its flexible payment system, which allows businesses to pay freelancers by the hour or by the project.

7. Task Rabbit

Task Rabbit is a platform that connects businesses with freelancers for short-term projects. It offers a wide range of services, including cleaning, handyman services, and personal assistant services. Task Rabbit is known for its user-friendly interface and its ability to connect businesses with top-quality freelancers quickly. Task Rabbit also offers a project management system, which can help businesses keep track of their projects more effectively.

8. Bark

Bark is a platform that connects businesses with freelancers in a wide range of fields, including web design, marketing, and writing. Bark is known for its user-friendly interface and its ability to connect businesses with high-quality freelancers quickly. Bark also offers a project management system, which can help businesses collaborate with freelancers more effectively.

9. Simply Hired

Simply Hired is a platform that connects businesses with freelancers in a wide range of fields, including web development, writing, and marketing. Simply Hired is known for its affordable pricing and its ability to connect businesses with top-quality freelancers quickly. Simply Hired also offers a project management system, which can help businesses keep track of their projects more effectively.

10. Hirable

Hirable is a platform that connects businesses with top-quality freelancers in fields such as software development, design, and marketing. It’s known for its user-friendly interface and its ability to connect businesses with high-quality freelancers quickly. Hirable also offers a project management system, which can help businesses collaborate with freelancers more effectively.

In conclusion, Fiverr is a great platform, but it’s not the only one out there. These 10 alternatives offer similar services and can be great options for businesses looking for top-quality freelancers. Whether you’re looking for web development, writing, or design services, these platforms have you covered. By exploring these options, businesses can find the right platform to connect with freelancers that can help them meet their needs and achieve their goals.

Before choosing a platform, businesses should consider a few factors. First, they should determine what kind of services they need and which platforms specialize in those services. For example, if a business needs a logo design, they might want to consider 99designs. If they need a website built, they might want to consider Upwork or PeoplePerHour.

Second, businesses should consider their budget. Some platforms, like Freelancer and PeoplePerHour, are known for their affordable pricing, while others, like Toptal, are known for their high-quality freelancers and higher rates. It’s important for businesses to choose a platform that fits their budget and offers the quality of freelancers they need.

Third, businesses should consider the platform’s vetting process. Some platforms, like Upwork and Toptal, are known for their extensive screening process, which ensures that only top-quality freelancers are accepted onto the platform. Other platforms, like Freelancer and Guru, have less stringent vetting processes, which can make it easier for freelancers to join but can also make it harder for businesses to find the right freelancer.

Finally, businesses should consider the platform’s project management system. Some platforms, like Bark and Task Rabbit, offer project management tools that can help businesses collaborate with freelancers more effectively. Other platforms, like 99designs and PeoplePerHour, don’t offer project management tools, which can make it harder for businesses to keep track of their projects.

By considering these factors, businesses can choose the right platform to meet their needs and connect with top-quality freelancers. Whether they choose Upwork, Freelancer, Guru, PeoplePerHour, 99designs, Toptal, Task Rabbit, Bark, Simply Hired, or Hirable, they can be confident that they’re getting access to some of the best freelancers in the industry.

In addition to these platforms, businesses can also consider using social media platforms like LinkedIn, Twitter, and Facebook to connect with freelancers. They can also consider attending networking events and industry conferences to meet freelancers in person.

In conclusion, Fiverr is just one of many platforms that connect freelancers with businesses. By exploring these alternatives and considering factors like services offered, pricing, vetting process, and project management tools, businesses can find the right platform to meet their needs and connect with top-quality freelancers. With the right freelancers on their team, businesses can achieve their goals and take their business to the next level.

5 Alternatives to Fiverr for Freelancers and Businesses

Fiverr is a well-known platform for freelancers to offer their services and for businesses to find quality talent. However, it may not be the best fit for everyone. In this article, we’ll explore five alternatives to Fiverr that can help freelancers and businesses find the right fit for their needs.

1. Upwork

Upwork is one of the largest freelance marketplaces with over 12 million freelancers and 5 million clients. It’s a platform that allows businesses to post jobs, receive proposals from freelancers, and hire the right talent. Freelancers can also find jobs on Upwork and build their reputation by earning positive feedback from clients.

Upwork offers a variety of tools to help businesses and freelancers manage their projects. These include time tracking, invoicing, and communication tools. Upwork also offers a payment protection system that ensures that freelancers get paid for their work and clients get the work they are paid for.

Upwork is an excellent platform for businesses looking to hire quality talent. The platform has a variety of freelancers with different skills and experience levels. Businesses can easily find the right talent by posting their job requirements, and freelancers can find jobs that fit their skills and experience.

2. Freelancer.com

Freelancer.com is another popular platform for freelancers and businesses to connect. It has over 50 million users worldwide, making it one of the largest freelance marketplaces. Freelancers can create their profiles and bid on jobs posted by clients. Clients can also search for freelancers based on their skills and experience.

Freelancer.com offers various tools to help freelancers and businesses manage their projects. These include project management tools, time tracking, and invoicing. Freelancer.com also offers a payment protection system that ensures that both the freelancer and the client are protected.

Freelancer.com is an excellent platform for businesses looking to hire freelancers quickly. The platform offers a variety of freelancers with different skills and experience levels, and businesses can easily find the right talent by posting their job requirements. Freelancers can also find jobs that fit their skills and experience.

3. PeoplePerHour

PeoplePerHour is a platform that connects businesses with skilled freelancers in various fields, including web development, design, writing, and marketing. With PeoplePerHour, businesses can post job listings and receive proposals from freelancers or search for freelancers themselves. Freelancers can also search for jobs and submit proposals.

PeoplePerHour offers various tools to help freelancers and businesses manage their projects. These include project management tools, time tracking, and invoicing. PeoplePerHour also offers a payment protection system that ensures that freelancers get paid for their work and clients get the work they are paid for.

PeoplePerHour is an excellent platform for businesses looking to hire freelancers with specific skills. The platform has a variety of freelancers with different skill sets, and businesses can easily find the right talent by posting their job requirements. Freelancers can also find jobs that fit their skills and experience.

4. Toptal

Toptal is an exclusive network of the top 3% of freelance talent in the world. It offers a wide range of services, from software development to finance. With Toptal, businesses can submit their project requirements and be paired with a hand-picked freelancer who has the skills and experience they need.

Toptal offers various tools to help businesses manage their projects. These include project management tools, time tracking, and invoicing. Toptal also offers a payment protection system that ensures that freelancers get paid for their work and clients get the work they are paid for.

Toptal is an excellent platform for businesses looking to hire top-tier freelancers. The platform has a rigorous selection process, ensuring that only the most skilled and experienced freelancers are accepted. Businesses can easily find the right talent by submitting their project requirements, and freelancers can find high-paying jobs that match their skills and experience.

5. Guru

Guru is a platform that connects businesses with freelancers in various fields, including web development, design, writing, and marketing. With Guru, businesses can post job listings and receive proposals from freelancers or search for freelancers themselves. Freelancers can also search for jobs and submit proposals.

Guru offers various tools to help freelancers and businesses manage their projects. These include project management tools, time tracking, and invoicing. Guru also offers a payment protection system that ensures that freelancers get paid for their work and clients get the work they are paid for.

Guru is an excellent platform for businesses looking to hire freelancers quickly and efficiently. The platform has a variety of freelancers with different skills and experience levels, and businesses can easily find the right talent by posting their job requirements. Freelancers can also find jobs that fit their skills and experience.

Conclusion

In conclusion, these five alternatives to Fiverr offer various services that cater to the needs of freelancers and businesses. They provide a platform for businesses to find quality talent and for freelancers to find jobs that match their skills and experience. With these platforms, managing projects and payments is made easy and convenient. It’s important to identify which platform best suits your needs and preferences to ensure a smooth and successful experience.

A device that allows one to make voice calls, send text messages, take pictures and store music and data. Cellphones can also use Bluetooth technology to connect wirelessly to other devices and then send or receive data. The cellphone is a handheld device that allows one to make voice calls, send text messages and take pictures. It can also store music and data.

Cellphones are also used as GPS device. The phone knows where it is and can send that information to another device, like a computer or car navigation system. Cellphones are a great way to stay connected with family, friends and business contacts. It is hard to imagine life without them. Cellphones are also a great way to stay connected with family, friends and business contacts.

In this modern era, the definition of the cellphone is a device that can be used to send and receive messages and make phone calls. The cellphone contains an Internet connection, a microphone and speaker, a camera and can make voice recordings. A smartphone is an electronic personal digital assistant (PDA) that runs on some form of operating system (OS). It often has features such as email access, Web browsing, text messaging and photo-taking capabilities. A computer is an electronic device used to process data through programmed instructions to create useful information from inputted material.

A cellphone is a portable, portable telephone. The word “mobile” means movable, while “cell phone” is an abbreviation of the cellular phone. Cell phones were invented by Motorola in 1973.

The differences among a cellphone, smartphone, computer and tablet.

A tablet is a portable device that can be used for reading e-books, playing video games or surfing the Web. It has a touchscreen and often comes with WiFi capabilities. A tablet is an electronic device with touchscreen capabilities and functions similar to a smartphone or smartbook.

A smartphone is an electronic personal digital assistant (PDA) that runs on some form of operating system (OS). It often has features such as email access, Web browsing, text messaging and photo-taking capabilities. A camera is an optical instrument for recording or capturing images, which may be stored locally, transmitted to another location or both. A smartphone is an electronic personal digital assistant (PDA) that runs on some form of operating system (OS). It often has features such as email access, Web browsing, text messaging and photo-taking capabilities.

A computer is a machine that processes data for information. It has a central processing unit (CPU), the “brain” of the system, and input/output devices such as monitors and keyboards. Computers are used in business, government, education and other fields to perform specific functions such as accounting, research or engineering design. One of the most important types of computer is a laptop. It is a computer that can be easily moved from place to place without the need for wires or other connections. A computer is an electronic device used to process data through programmed instructions to create useful information from inputted material. A computer is composed of many parts, including a monitor, keyboard, CPU and hard drive. 

 Money is a tricky thing.

It’s one of the things that can make or break your financial health. It’s also something that you might not understand at first, because it can be hard to wrap your head around.

But don’t worry—we’re here to help! In this email newsletter we’ll be discussing what money is and how it works. We’ll also talk about the difference between money and currency, as well as how money was created. We’ll end by talking about some of the problems associated with money, and how we can avoid them.

So sit back, relax, and let’s start at the beginning: what is money?

It’s time to talk about money.

What is money? Money is a medium of exchange, it’s the way that we can buy and sell stuff. It’s also a unit of account, which means it has value because people will accept it as payment for something.

Money can be physical or digital—it all depends on who you’re dealing with and how much money they have. Physical money is like cash: you can keep it in your pocket, in a wallet, or even under your mattress! Digital money is stored electronically—you can use it online through PayPal or Venmo, for example.

What’s the difference between money and currency? Currency is a government-issued form of currency that circulates within their borders. Money is not controlled by any single individual or entity, but rather by people trading with each other. If you have 100 dollars in cash and 50 dollars in gold coins (the kind that don’t have serial numbers), then you have 100 dollars worth of currency at that moment. But if someone gives you 10 dollars in gold coins (the kind that do

 Minimalism is an aspirational state of consciousness that turns the attention away from what we own and towards what we truly value. It’s a powerful and transformative way to live, yet it can be hard to understand because we’re not used to seeing things in these terms. Most people live with more stuff than they need and are increasingly bombarded with messages telling them that what they don’t have is better than what they do have. This lying advertising industry churns out products for every possible need and wants, leaving us all caught up in consumer society where our desires are controlled by social media algorithms designed to keep us hooked on new releases rather than supporting our needs for calmness or beauty.

The great minimalist craze is also in vogue as a concept to help people stop owning things they don’t necessarily need. You’d imagine that it would be something most people could get on board and adopt, however this isn’t always the case.

 Black money is the most dangerous matter about the existence of black money. The worst thing about black money is that it can be hidden almost anywhere, in bank accounts and beyond detection. It’s a dark place where all your secrets are safe from prying eyes and ears, but these hidden places are not only inaccessible – they’re also hard to spot. This is where we come into play; we are an elite team of investigators who work 24 hours per day to find out what you’ve done with your money and how much was spent on gambling activities in order to get it back for you quickly.

  NFT stands for non fungible token. Non fungible means that something cannot be exchanged for another item because it is unique. For instance, one piece of art is not equal to another. Both have unique properties. Fungible items on the other hand can be exchanged for one another. For instance $1.00 or Bitcoin is always equal to another. 

OK, but what is an NFT? NFTS are tokens that live on a blockchain and represent ownership of unique items. Why is that helpful while tracking who owns a digital file ? 

 While it’s tricky because it can be copied and distributed effortlessly, so how can you prove who’s the original owner when everyone has an identical copy of the file? NFTs solved this problem. Imagine that you made a piece of digital art, essentially a JPEG, on your computer. You can create or mint an NFT out of this. The NFT that represents your art contains a bit of information about it, such as a unique fingerprint of the file, a token name, and a symbol. This token is then stored onto a Blockchain and you, the artist, become the owner. Now you can sell that token by creating a transaction on the blockchain. The blockchain makes sure that this information can never be tampered with. It also allows you to track who is the current owner of a token and for how much it has been sold in the past. It’s important to note that the artwork itself is not stored within the NFT or the blockchain, only its attributes such as the fingerprint or hash of the file, a token name and symbol, and optionally a link to a file posted on IPFS more about that in this here. 

Now here’s where NFT’s become weird. When you buy an NFT that represents artwork, you don’t get a physical copy of it. Heck, most of the time everyone can download a copy for free. The NFT only represents ownership, and that is recorded in a blockchain, so nobody can tamper with it. Some say that NFT’s give you digital bragging rights. And to make it even weirder, while the token owner owns the original artwork, the creator of the NFT retains the copyright and the reproduction rights. So an artist can sell his original artwork as an NFT, but he can still sell prints. Now, aside from digital art, NFT’s can also be used to sell concert tickets domain names, rare in game items, real estate, and basically anything that is unique and needs proof of ownership.

 For example, the founder of Twitter sold his first tweet as an NFT. Anyone can see that tweet on his profile, but now only one person can own it and that person paid over $2.9 million for it. I could even make an NFT out of this content. You could then buy it and be the owner of this content, even though it is free to watch for everyone.

 Now. Why are some NFTS worth millions? While they’re worth is determined by what people are willing to pay for it. If I’m willing to pay $100 for a particular NFT, then it’s worth $100. Prices are driven by demand, so be careful and expensive. NFT becomes worthless if nobody wants to buy it. OK, one more thing before we end. How do they work? Technically, NFTS are essentially smart contracts that live on a blockchain. In this case, the contract stores the unique properties of the item and keeps track of current and previous owners and NFT can even be programmed to give royalties to the creator every time it exchanges hands. So there you have it, NFTs explained in under the content. I hope you found this interesting, and if you did, consider stay to this blog. Thanks for reading. and saw until next time.

 Can the government just print endless money with no consequences? Well, maybe. The idea that money has to be tied back in physical goods like gold or silver is a fading ideology, and our modern system of Fiat currency ties the value of money to consumer confidence in the government that backs it. Even with that said, printing endless money sounds like a bad thing, no? Well, possibly. It could lead to massive economic collapse and the devaluing of everyone’s money. However, some economists think that. If done right, governments can just keep printing money with few repercussions. That theory is well summarized in something known as modern monetary theory or MMT. Modern monetary theory states that countries that are monetarily independent, like the US, UK, Canada, and Japan, are not constrained by the amount of money they can bring in from taxes or revenues in determining their budgets. In other words, countries that don’t rely heavily on. Other currencies don’t have to worry about balancing their budgets. If the US brings in $10 in taxes, they could theoretically spend 121520 without issue. But this is oversimplified. Why would economists think that this could work? After all, isn’t a balanced budget good and debt bad in microeconomic situations like a household? This is certainly true, but macroeconomics for countries? Works differently. Under the guidelines of MMT, governments wouldn’t need to rely on taxes or borrowing money from bond sales selling their debt to consumers because they issue the money in the 1st place and no one else can print the money other than that country. This is a really challenging idea, especially when contrast with the typical idea that debts are bad and a balanced budget is the only way to succeed financially in many senses the ideas of. MMT flip on their head traditional economic beliefs about how a government interacts and controls its own economy. If the principles of MMT work, it could be used to fund massive healthcare reform, debt reform and otherwise reset many failing economic systems, particularly in the US. One of the core principles of MMT states that in countries that have a Fiat currency system that they fully control, like the US, Canada, and other countries. They can simply print as much money as they need, as the government really can’t go broke because it makes its own money. Detractors to MMT say this would be irresponsible as it would massively devalue the currency inflation, causing the country to be in massive amounts of debt with a valueless currency. But here’s what makes MMT work. Theoretically, it’s the idea that government debt isn’t a key factor in the economy like many think it is. Global, economically important countries like Japan and the US and others can carry a much greater budget deficit without worry, according to MMT. And small deficits can actually cause recessions, since debt spending or deficit spending is what grows wages and savings. If a country runs a small deficit, savings in wages would actually fall theoretically. That is. Macroeconomics is complicated, like we said. According to the principles of MMT, government debt is just the government putting money into the economy, stimulating it for growth. MMT supporters don’t have their head in the sand, though they recognize that inflation could be a major negative side effect to this type of spending. However, inflation can actually be fought with political policy by adjusting interest rates and other macroeconomic cogs. It’s in this way that one can’t view government debt in the same way that you view household debt because the government. Has some control over its lenders as it makes the currency itself. An oversimplified analogy would be like a homeowner having the ability to hurt their mortgage companies profits unless the mortgage company gave them better terms on their mortgage. But if the government can print and less money, why are taxes needed then? Well, under MMT taxes are used to take money out of the economy to control inflation and make sure the economy doesn’t burn out and eventually. Crash traditional instruments like bonds and taxes that are generally viewed as revenue generators for the government under MMT would simply be ways for the government to drain excess cash from the economy as a way to control the currencies value. According to MMT economists, the unemployment rate is a direct result of the government spending too little after collecting taxes if you’re unable to find a job in the private sector some. MMT policies would allow for termed government or local community employment to control inflation. This idea also insists that rather than just paying welfare to people who sit at home and never plan to find a job, the government could employ them, cleaning up the community and serving the government citizens while they looked for private sector work. But why do economists think MMT would work? Did they just pull this out of thin air? Well, it all started with the American economist Warren Mosler. Mosler first theorized the concepts of MMT in the 1970s while working as a trader on Wall Street in the 1990s, many investors were worried that the country of Italy would be unable to pay back their loans. Mosler, now having solidified many of his theories, knew that this was impossible. Since Italy created their own currency in his firm, thus became one of the largest holders of Italian currency, Italy consequentially didn’t default in Mosler made about $100 million, but the theories of MMT from Mosler were mostly ignored by economists over time, largely due to how subversive they were to traditional macroeconomic theory. Thanks to the Internet, though, MMT has become more of a popular economic outlook. MMT is also supported by many more progressive political leaders in the US, perhaps to its own demise. Alexandria Ocasio Cortez and Bernie Sanders both hold on to MMT as a potential future path for the US economy, but for the most part we’ve made modern monetary theory sound pretty rosy in this article.

   So what are some drawbacks? Detractors state that MMT can simply be used for countries already in economically depressed times. It cannot do well in a thriving economy. MMT would essentially cause a country to only care about its own economy or currency. It doesn’t leave much room or provide much guidance for how international politics would thus impact the economy. If the US adopted MMT and over time the international community stopped relying on the US as much and thus didn’t want dollars as payment, the US dollar could trend towards worthless like mentioned before since the US dollar is a Fiat currency. Most world currencies today. Its value depends on consumer sentiment in the government that creates it. Nobel Prize winning economist Paul Krugman is one of the major detractors to MMT, stating that driving up government debt like MMT supposes would almost certainly lead to hyperinflation and devalue the currency. So what do you think of MMT? Is it a pipe dream of overreaching governments or a potential solution to the failings of many modern economic theories? Be sure to comment below and make sure you share this so that others can learn what MMT is and how it might work.