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.
Check out John at about 1 hour 12 minutes where John tells a story about a conversation he had with a guy where John pressed this guy to reveal the mechanism the Fed had to force "money" on people and the guy started dispensing false metaphors like:
John: "What mechanism does the Fed have?"
Moron: "The Fed is like a helicopter"
John: "No, What mechanism does the Fed have?"
Moron: "It's like a Fireplace with logs"
John: "No, What mechanism does the Fed have?"
Moron: "Its like an Orchard where you plant trees"
John: "Checkmate."
False metaphor is the last resort of the moron... doesnt work on non-morons.... revealing!
I liked that bit at the end where Harvey, lost in the weeds a bit on trade and exchange rates, channeled Mike Norman to say if we're at full employment, screw the rest of it.
5 comments:
oh god I am terrible in the beginning. I get somewhat better after that. thanks for the heads up.
Moron Metaphor Alert:
Check out John at about 1 hour 12 minutes where John tells a story about a conversation he had with a guy where John pressed this guy to reveal the mechanism the Fed had to force "money" on people and the guy started dispensing false metaphors like:
John: "What mechanism does the Fed have?"
Moron: "The Fed is like a helicopter"
John: "No, What mechanism does the Fed have?"
Moron: "It's like a Fireplace with logs"
John: "No, What mechanism does the Fed have?"
Moron: "Its like an Orchard where you plant trees"
John: "Checkmate."
False metaphor is the last resort of the moron... doesnt work on non-morons.... revealing!
rsp,
Nathan,
Taped audios and videos of yourself always brings out the inner critic. No you did well. It was not bad at all. Thanks for moderating the talk
I liked that bit at the end where Harvey, lost in the weeds a bit on trade and exchange rates, channeled Mike Norman to say if we're at full employment, screw the rest of it.
Thanks. Much obliged!
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