Sunday, February 17, 2019

John Mauldin — Modern Monetary Madness


For the record. No comment. My time is valuable. Who is the crazy here?
Hey, it's their theory. Don't ask me to explain it.
The only reason to read is for a laugh.

econintersect
Modern Monetary Madness
John Mauldin, Thoughts from the Frontline

3 comments:

Konrad said...

If we had a dollar for every idiot (like the one who wrote the article above) who called himself an economics “expert,” everyone who visits this blog could comfortably retire.

Konrad said...

I SAY AGAIN that the refusal to understand the facts of MMT is not an intellectual failing, but a moral one. People like the one who wrote the article above are quite simply assholes.

How did YOU learn about MMT?

You did it because of your moral character.

You didn’t do it to become “brilliant.” You did it because you wanted to understand the cause of poverty, suffering, and inequality. You wanted to understand how money actually works, so that together we could dream about making a better world for each other. You didn't do it for you, but for everyone.

By contrast, these idiot attackers of MMT are selfish little worms.

Noah Way said...

Steve Rattner is a politically connected private equity guy who was involved in some pension fund shenanigans. The oped is another attempt to scare people (your grandchildren are in debt!) into supporting the system that rapes them, and that guys like Rattner profit from.

Thank the NYT for giving this asshat a megaphone and for protecting him from the pension scandal.