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.
Great fable. Gonna’ keep this one to use with some of those I argue with. Thx.
How it all nets to zero.
I think the fable inadvertently KO'ed the Austrian theory. Replace Jew with Fed.
Especially the tag line. ;-)
Amazing story... and unfortunately the conclusion is all too true.BTW is curious how the military dictatorships have a strong deflationary/pro-creditor bias, probably fitting with the military mentality instead of pragmatical policy. In Greece it went to the extreme people starved because this stupidity, and that wasn't that long ago even.
Rote learning vs creative learning...
Just as Lord Keynes and George Selgin recently destroyed Graeber and "the state theory of money", this fable exposes fiat supporters and MMTers as proponents of fraud, theft and counterfeiting. I'm bookmarking it.
Whatever you say, Colonel.
Bobby, still as delusional as ever.
Wonder if Bobby spotted the "weaponizing" at the end.
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