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 think it would fun a worthwhile to start putting up Heritage Foundation policy proposalsHere's 2 of them Tax reform proposalshttp://www.heritage.org/taxes/report/how-congress-should-reform-business-taxesRepeal and replace Obamacarehttp://www.heritage.org/health-care-reform/report/plan-repeal-and-replace-obamacareThen we will soon find out if Donald Trump is in charge or the Heritage Foundation.After all his transistion team is the Heritage Foundation.
Machiavelli would approve of the purge. In fact, he would ask "what took you so long?"
Dan Lynch - "what took you so long?"Tillerson had to be approved, and had to take his oath of office, and to get his staff in.
The Heritage Foundation proposals are ludicrous. "Revenue neutral" tax credits for health care, lower corporate tax rates.
I finally realized what Trump did to the media on Thursday. After Flynn rushed into the press briefing room and put Iran on notice Trump realized that Flynn was a loose cannon and had to go. So Trump waited until the press attacked Flynn and fired him for lying to the vice president. Then Trump could both attack the press and go after the leakers in the intelligence community which means he will drain the swamp there as well. If that is the case it was a master plan by Trump. I watched the press conference which wasn't scheduled and Trump kicked their asses.
GLH do you think it was Flynn who attacked Iran? I think that the order to bar all travel led to Iran testing a missle, then Flynn responded as he had to to. Flynn did his job, just like when he reached out to the Russian ambassador for his boss, per his request. Once the shit hit the fan regarding Russia, he had to fall on his sword, like a good soldier does.My instincts tell me that Donald J Trump has a substantial investment in Russia's state run oil company. This is the real scandal involving Russia, and so he needed a big fuck fest of a pressers to get everyone talking about something else. In his demented mind, that something else is how unfair and unamerican the media is. It will whip his base into a frenzy, just in time for the big rally in Florida. The MAGA hats and shirts with be dying off the tables. And he will bask in the adulation of his favorite chants, lock her up! Build that wall! Ah the good old days of the campaign.
SWL defends NAIRU. Promote to post please:https://mainlymacro.blogspot.co.uk/2017/02/nairu-bashing.html?m=1
When the other party is elected, we have to pretend their solutions don't work at all. It's all just a terrible catastrophe foisted on us. The differences in policy between BO and DJT are pretty slim. Removing ivy league bureaucrats is probably the only thing radical that DJT will do. It is BIG in the sense that these are the people that maintain the status-quo, when they are gone, we could in theory put in people who understand how systems work and abandon the dogmas. But in practice the government uses hiring rules and regulations that favor ivy leaguers who are strongly trained and conditioned to use consensus group thinking and shun engineering, technology, innovation and problem solving that might be favored by selecting students educated at institutions which use selection criteria more strongly correlated with ability, sex, and racial identity selection criteria rather than arbitrary social preferences with a small allotment based on some measure of intelligence.Bernie would have been a departure from the orthodox thinking of recent leadership but even he understands the importance of being agreeable to orthodoxy dogmas (he tips his hat to deficit reduction, climate change models, and many other silly policies).
" strongly correlated with ability, sex, and racial identity selection criteria"Its been a utopia for the latter 2 here Ryan... this is where the current problems come from... no one there is qualified...Now Trump is trying 'ability' but he seems like he is using the measure of a person's wealth to gauge ability... Will be waaaaay better than using the latter two but still come up short...
"The great draining"?Does anyone seriously think that anyone other than Bannon, or even that other guy with the bloated orange head who once hosted a reality tv show, has any authority to speak for the US government?If you do, I have a well-constructed dam in California for sale if you're interested.
My instincts tell me that Donald J Trump has a substantial investment in Russia's state run oil company. Then your instincts are wrong. Because as Vladimir Putin described himself the "State-owned companies, or to be more precise, companies with 100 percent ownership by the state" do not have private investors. If you knew anything about Putin, you would know his doctorate was about 'How to bring a totalitarian government in the 21st C using Russia's natural resources." Putin re-nationalized the major oil companies in the early 00's. That did not preclude other global oil companies from doing business in Russia.
MRW there is no doubt you know what your talking about on these issues, and I was a bit sloppy in just saying what I said. To explain, I had read online that there was a 15 percent stake in Russia's oil and gas industry that was sold through various front companies recently, making it difficult to know who the investor was. Some think it could very well be Trump, and that this was a reward for lowering the sanctions and choosing Tillerson, but mostly for lowering the sanctions. I know that the oil and gas industry is nationalized, but I also know Putin uses it to deliver favors to those who support him. I guess that was where I was going with that.
Sorry got the numbers wrong.....http://fortune.com/2016/12/08/russia-rosneft-qatar-glencore-oil/State-owned Rosneft (RNFTF, +2.04%) had kept the deal a tightly-guarded secret, with the first word emerging when Russian President Vladimir Putin met Rosneft Chief Executive Igor Sechin on Wednesday evening in Moscow."It is the largest privatization deal, the largest sale and acquisition in the global oil and gas sector in 2016," Putin said in televised remarks from the meeting.
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