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.
At this point, this is almost as surprising as peace breaking out everywhere in the world on the same day, spontaneously!
9:55 PM"the Senate should convene tomorrow and pass pay-go"
Yes, Matt. This speech is a disaster. "American families are tightening their belts. We (the government) must do the same."
"We need to produce more goods and sell them abroad. This is how we will create jobs."No, this is how we will send more and more of our product to foreigners so they have the benefit, while Americans use their newfound earnings to live meager, subsistence lives. That's what export economies look like.