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.
Tom,If we would let them, the Chinese would have their military HALO in people to cut our grass for $25.They are like zombies in a mindless pursuit of obtaining ever increasing balances of the premiere western financial assets.This has been the worlds history since the formation of western civilization.... same-o, same-o.Resp,
The states would rather give up tax revenue! And pay out unemployment than have to take federal dollars for a construction project... Goofy. I wonder if a large New Deal type projects could happen now with the current state of regulations.
good news ... redditors don't believe in the balanced budget myth. http://www.reddit.com/r/pics/comments/ntk4w/the_us_budget_made_easy/
check out this comment from that reddit post above..."As a multi-million dollar hedge fund manager, this fails to take into account that the United States is a currency issuer not a currency user like a US household.TLDR; The United States does not need to balance its budget, unlike a household"MMT is getting out into the masses.
Ha, I posted in that thread as Delgursh.I got a bunch of upvotes so far coming from an MMT perspective. At least people are listening.Warren or some other MMTers should do a reddit AmA. That would be big if it gained steam.
awesome Delgursh,I like this post in the comments."This is very bad information.www.moslereconomics.com explains something called "modern monetary theory" and comparing a household who is not the issuer of a currency with the US Government is misleading and ultimately advocates for contractionary fiscal policy." - from someone named horayforlogic
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