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.
“One of the genius effects of Ronald Reagan back in the 1980s was that he turned Democrats into deficit hawks.”
Democrats turned themselves into deficit hawks, and they did it for two reasons…
[1] They were following order from their rich owners, who want to maintain the gap between themselves and the masses.
[2] Democrats falsely claim that U.S. federal dollars are scarce so that Democrats can falsely tell the masses, “Without us to protect you, the Republicans would steal all of what few dollars remain.”
The article then lapses into bullshit about the “failure of socialism” (i.e. the evil of putting people before oligarchs) at which point I bailed.
The more than MMT gets talked about, the more worms slither out of the sewer to attack it, in the hope of getting a pat on the back from the money powers.
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“One of the genius effects of Ronald Reagan back in the 1980s was that he turned Democrats into deficit hawks.”
Democrats turned themselves into deficit hawks, and they did it for two reasons…
[1] They were following order from their rich owners, who want to maintain the gap between themselves and the masses.
[2] Democrats falsely claim that U.S. federal dollars are scarce so that Democrats can falsely tell the masses, “Without us to protect you, the Republicans would steal all of what few dollars remain.”
The article then lapses into bullshit about the “failure of socialism” (i.e. the evil of putting people before oligarchs) at which point I bailed.
The more than MMT gets talked about, the more worms slither out of the sewer to attack it, in the hope of getting a pat on the back from the money powers.
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