Sunday, November 25, 2012

arlissbunny — Modern Monetary Theory vs the Fiscal Cliff


The fiscal cliff for dummies. Simple explanation to pass along.

Arliss Bunny's Blog
Modern Monetary Theory vs the Fiscal Cliff
arlissbunny
(h/t clonal antibody via email)

4 comments:

Malmo's Ghost said...

Watch Meet The press. David Brooks is especially sickening, but they all are in need of MMT shock therapy:

http://www.msnbc.msn.com/id/3032608/vp/49955657#49955657

Malmo's Ghost said...

... and these dimwits seem to believe that raising taxes and cutting spending in the teeth of this deflationary event is the medicine that is needed at the moment. I'm trying to maintain optimism, but not sure I can keep it up much longer.

Tom Hickey said...

and these dimwits seem to believe that raising taxes and cutting spending in the teeth of this deflationary event is the medicine that is needed at the moment. I'm trying to maintain optimism, but not sure I can keep it up much longer.

This is the negotiating strategy. Appear intransigeant about one's demands as the starting point.

Tom Hickey said...

Going over the cliff.