A guy sees this blog, learns how things work, then writes a book!

A while back a fellow by the name of Gary Carmell contacted me and told me how much he appreciated the blog and that he wanted to understand more about MMT.

Gary is in the real estate industry and he was struggling to come to terms with trillion dollar deficits and their (non) relationship to interest rates and how QE was not going to result in runaway inflation. I explained to him how these things work; how rates were set and how the deficit and debt had no correlation to rates for a sovereign currency issuer. In addition I explained why there was no real threat as far as inflation was concerned.

He seemed enlightened.

Yesterday I received a nice email from Gary telling me how his understanding of MMT has helped him see things differently. He even told me he wrote a book recently, entitled, The Philosophical Investor: Transforming Wisdom into Wealth and he dedicated a few chapters to MMT explaining how instrumental it was in reshaping his perspective and how he put it to use in his business

Of course I was very gratified to hear all this and I think everyone who is involved with spreading the word of economic and monetary truth and reality should also be gratified. We are all doing our part and these signs of change, person by person, may not seem like much, but they are very meaningful.

Please check out Gary's book.

-Mike Norman