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.
Recent Putin interview that is heavily economic. Is Russia on a roll? Putin makes a case for it. It's really about domestic circulation along with shifting markets to the East.
China GDP is still rising at ~5% with China shifting economic focus away from RE development and onto industry. China needs to increase domestic circulation but apparently is not planning any big stimulus now.
This is the point MMT'rs are always trying to get to. The debate about skills and real resources. What do you want them to do, where are you going to get them from, what are they doing now etc.
But we can never get there because placard waving, slogan shouting ideologues always the everything to money, the size of the deficit, size of the debt and the tax payer money myth and how will it be funded.
It is a strategy that ensures we never get the debate we want. A strategy to ensure both the banks and companies stay in control and they always decide how skills and real resources are allocated. From which they can extract rent.
China doesn't entertain any of that. They are always having the debate about how best to use their skills and real resources. Exporting their way to growth allowed them to steal many technologies and know how. Now they are moving to the next part of their plan with that knowledge.
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When it comes to defense spending, the question, "How are we gonna pay for it?" is never asked, at least not in the U.S.
Best news all week…
Recent Putin interview that is heavily economic. Is Russia on a roll? Putin makes a case for it. It's really about domestic circulation along with shifting markets to the East.
China GDP is still rising at ~5% with China shifting economic focus away from RE development and onto industry. China needs to increase domestic circulation but apparently is not planning any big stimulus now.
Trump will speed up that process.
If he attacks China exports, China will simply move their skills and real resources around to achieve their plan. They are brilliant at it.
It is the size and speed of transformation that is simply incredible.
https://m.youtube.com/watch?v=zQk5zd4Y1A0
Common Prosperity zones.
They always pick one region and try stuff and if it works they roll it out across China.
https://m.youtube.com/watch?v=tI94IbntajI&pp=ygUSRGF2aWQgaGFydmV5IGNoaW5h
This is the point MMT'rs are always trying to get to. The debate about skills and real resources. What do you want them to do, where are you going to get them from, what are they doing now etc.
But we can never get there because placard waving, slogan shouting ideologues always the everything to money, the size of the deficit, size of the debt and the tax payer money myth and how will it be funded.
It is a strategy that ensures we never get the debate we want. A strategy to ensure both the banks and companies stay in control and they always decide how skills and real resources are allocated. From which they can extract rent.
China doesn't entertain any of that. They are always having the debate about how best to use their skills and real resources. Exporting their way to growth allowed them to steal many technologies and know how. Now they are moving to the next part of their plan with that knowledge.
Open borders and a ban on Tiktok. MAGA !
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