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.
I checked to see what major Larry Kudlow studied in college. Are you ready for this?Yeah, history, and his master's was in politics and economics.I could surmise it's most likely this guy never had to take an accounting class ever or anything else related to having his mind trained for a position like this. He's another guy who's completely unqualified and doesn't seem to understand anything even after serving in the Reagan administration and working at Bear Stearns.I could respect the Rex Tillerson pick a lot more than this because he hasn't been trapped in the academic bubble. I would have liked to see someone more along those lines for this position like Warren Mosler. Trump's gonna need Mike or anyone like him if he wants to secure a second term period.
I understand why Mike is turning bearish now with this kind of morons getting positions in the administration. Is like have Peterson in charge of the Treasury lol.On the other side, I think that most people which were there with Obama think similar anyway. Loony in, loony out, we will see if it makes much difference in practice.
Also, I just noticed this, but David Malpass is in this video too. He ended up being part of Trump's team on the campaign trail as an economic advisor. Warren mentioned talking to Steve Moore in his book at some point. If that's the best Trump can really do, we're in for a big clown show for a while.
If Trump thinks you're a "great guy", that is all the qualification you need. You're hired!
Historians are never trained to reset t=O and then re-run the function out from there in time domain when conditions change... They look at time as a continuum never dividing it into segments based on changing conditions...So they use the same approach as when we were under the metals as they do now in the post 1971 conditions, they dont recognize the change in conditions when we got out from under the metals....
Trump is just another step ahead, at least he has the will, Obama said there is no answer to lost jobs. So Obama and establishment weren't even trying. Trump might fail but there was no one better around, certainly not Bernie who is a fiscal conservative. I wouldn't be surprised if the "that is all the qualification you need. You're hired" people will perform better than the charlatans who are called experts. Mike is no longer seen in mainstream news. Is It that the experts could not understand what he was saying?
It's all over, folks. Trump's no different to all who have come before him. A cabinet full of corporate raiders, hedge fund managers, religious nutters, headbanging warmongers, Scaramucci and Kudlow as advisers and John Bolton at the ready, this is "business as usual but on steroids" or hyper-neoliberalism with allegedly "great negotiators" because that, apparently, is all America needs to solve its many problems! Trump looked different for a while, but now the game is up. Everyone can see it.
John, that is not how you play the "wait and see" game.
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