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 YOU SHOULD CREATE A PAGE THAT DEBUNKS ANYONE WHO USES A VARIANT OF THE "TAX PAYER ON THE HOOK"
LATEST CULPRIT :
DAVID BROOKS, NY TIMES COLUMNIST
- SAYS THAT $787 BILLION IN SPENDING IS A FISCAL EXPLOSION THAT IS BORROWED MONEY
- DOES NOT UNDERSTAND HOW MONETARY SYSTEM WORKS SINCE THE MONEY DISAPPEARED FIRST FROM THE SYSTEM BASED ON ASSET EVAULATION BEING EVAPORATED LAST YEAR, GOVERNMENT HAS TO RE-FILL THE STADIUM WITH DIRT OR FACE IMPLOSION OF ECONOMY.
- POINTS OUT THE OBVIOUS BUT FOR A DOGMA > THAT THE DEFICIT IS GOING TO HURT SOMEONE WHEN IN FACT IT WILL ALLOW MORE BABIES TO BE BORN, MORE HOSPITALS TO RUN FUNCTIONALLY, AND THE GENERAL ECONOMY TO CONTINUE
- DOES NOT KNOW THAT I = S, INVESTMENT IS A FUNCTION OF SPENDING WITH AN "S" AND NOT "SAVING" WITH AN "S" ON THE PART OF THE GOVERNMENT WHICH DOES NOT NEED TO "SAVE"
- SHOULD BE HOSED DOWN WITH CASTOR OIL ALONG WITH JACK BAURUDIJIAN ON BIZ RADIO
based on hegelian logic the dialectic should present some info:
IF "TAX PAYER ON THE HOOK" WAS TRUE THEN ALL WE NEED TO DO TO BALANCE A BUDGET IS TO CRASH THE MARKET, SINCE THE OPPOSING FUNCTION IS THAT BORROWED MONEY CREATES A BAD DEFICIT.
BERNANKE HAS THE TOOLS TO MOP UP INFLATION AND TAKE LIQUIDITY OUT OF THE SYSTEM.
ECONOMIC MYTHS AND FACTS: PART 2
ReplyDeleteMIKE
I THINK YOU SHOULD CREATE A PAGE THAT DEBUNKS ANYONE WHO USES A VARIANT OF THE "TAX PAYER ON THE HOOK"
LATEST CULPRIT :
DAVID BROOKS, NY TIMES COLUMNIST
- SAYS THAT $787 BILLION IN SPENDING IS A FISCAL EXPLOSION THAT IS BORROWED MONEY
- DOES NOT UNDERSTAND HOW MONETARY SYSTEM WORKS SINCE THE MONEY DISAPPEARED FIRST FROM THE SYSTEM BASED ON ASSET EVAULATION BEING EVAPORATED LAST YEAR, GOVERNMENT HAS TO RE-FILL THE STADIUM WITH DIRT OR FACE IMPLOSION OF ECONOMY.
- POINTS OUT THE OBVIOUS BUT FOR A DOGMA > THAT THE DEFICIT IS GOING TO HURT SOMEONE WHEN IN FACT IT WILL ALLOW MORE BABIES TO BE BORN, MORE HOSPITALS TO RUN FUNCTIONALLY, AND THE GENERAL ECONOMY TO CONTINUE
- DOES NOT KNOW THAT I = S, INVESTMENT IS A FUNCTION OF SPENDING WITH AN "S" AND NOT "SAVING" WITH AN "S" ON THE PART OF THE GOVERNMENT WHICH DOES NOT NEED TO "SAVE"
- SHOULD BE HOSED DOWN WITH CASTOR OIL ALONG WITH JACK BAURUDIJIAN ON BIZ RADIO
..OVER AND OUT..
based on hegelian logic the dialectic should present some info:
ReplyDeleteIF "TAX PAYER ON THE HOOK" WAS TRUE THEN ALL WE NEED TO DO TO BALANCE A BUDGET IS TO CRASH THE MARKET, SINCE THE OPPOSING FUNCTION IS THAT BORROWED MONEY CREATES A BAD DEFICIT.
BERNANKE HAS THE TOOLS TO MOP UP INFLATION AND TAKE LIQUIDITY OUT OF THE SYSTEM.
ALL ELSE IS DOGMA AND BS.
LET THE STIMULUS FLOW !!!