An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Excellent interview.Finally, a rational person who dispenses with the sanctimonious BS and calls it like it is.
Since first tuning into Mike's bizradio show in 2008 (omg,Matt-It's been 3 years already!) I've been continually amazed how easy it is to know what to expect just by paying a little bit of attention. MMT explains EVERYTHING! Stupid* is as stupid* does. *evil IN GOD WE TRUST!
As he said Government debt is way safer than shares, that's where the smart rich money is going......but there are ways of preventing a nominal debt (aggregate)money (demand) starved deflationary depressive slump collapse......hopefully people will catch the MMT Job Guarantee bug wake up and take direct democratic action to demand and achieve sociopolitical economic policy made for the people's public purpose rather than the global plutocratic elite's!
Where's the pepper spray?
Pepper spray is reserved for protesters and other disenfranchised society members, not traders from large financial institutions.
"I'm a trader, I go to sleep every night dreaming of a recession so I can make money on it."Somebody euthanize this guy, please. And his ilk.
Me thinks this is a hoax by the The Yes Men. Remember them imposing as Dow Chemicals Speaker and acknowledging the Bhopal Disaster promising full compensation for all victims. Also a BBC interview. And BTW: this "trader" (?) isn't working for a large financial institution. He's "trading" (?) on his own account.
Happy to see that as of today his balls are in a vise as the market melts up.
Right,It looks like his is becoming the consensus view... not quite to the levels of the bond bears at the start of QE2 but could get there...
@StephenI agree with you. Perhaps we are coming towards the end of the crisis.
Pepper spray is reserved for protesters and other disenfranchised society members, not traders from large financial institutionsGood one, RED!
Stephan: What? Hoax as in they staged the interview? Mike: Euthanize a straight talker just because he's being a little facetious? IMO the real threat is the one who is disingenuous since humans are both expectant and unsuspecting.
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