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.
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Wednesday, November 9, 2011
"Rates will not spike higher on a downgrade of US" - Mike Norman, 4/6/11
Revisiting this interview on RT America, where I explained why there is no solvency issue for the US and why rates will not spike higher if their is a downgrade.
I used to watch Max Keiser on RT and found his gold/silver promotions interesting; however, most/all commenters (who could write in English) appear to be gold bugs/sympathizers.
In fact, don't almost all MSM announcers in the US make the assumption that the neo-liberal/conservative concepts are 'correct'? While I am sure MN knows what he is talking about, it appears that his audience hasn't the foggiest understanding of MMT; thus, why not devote your time to a more fundamental educational effort? Many You Tube watchers seem to enjoy cartoon and/or animation videos.
Great video! I should be circulated widely and often. She would have fallen off her chair, if you had told her that the national debt is the result of the way government has chosen to manage excess reserves in the banking system.
This afternoon (11/10/11) between 4-5 pm EST, I watched an interview of Steve Keen by Lauren Lyster on RT (on my local cable tv) and was surprised to see/hear such an intelligent host. Steve K did his usual promotional spiel for his book (Debunking Economics) and he spent some time discrediting G Mankiw, L Summers, and the like re the conservative mantra regarding macroeconomics. If Mike wants to have an interview with an unusually enlightened host/audience, the RT tv folks would be worth checking.
I remember watching this thinking, "WTF is this guy on about?!?!? He must be smoking the good stuff!"
ReplyDeleteI was right, he was smoking the best.
I went to bat for you in the comments Mike, but it's pretty brutal and uninformed over there.
ReplyDeleteThere is no reward for being right.
ReplyDeleteThere is only job security in being wrong.
Up is down, left is right, and we have crossed the Rubicon. It's gonna be a rough ride.
wh10: Thanks for that!
ReplyDeleteA year ago I thought you were the biggest fool I had ever seen.
ReplyDeleteNow I know the truth...
The fool was me. Thanks to Mike, and all of you, for the education.
I used to watch Max Keiser on RT and found his gold/silver promotions interesting; however, most/all commenters (who could write in English) appear to be gold bugs/sympathizers.
ReplyDeleteIn fact, don't almost all MSM announcers in the US make the assumption that the neo-liberal/conservative concepts are 'correct'? While I am sure MN knows what he is talking about, it appears that his audience hasn't the foggiest understanding of MMT; thus, why not devote your time to a more fundamental educational effort? Many You Tube watchers seem to enjoy cartoon and/or animation videos.
Great video! I should be circulated widely and often. She would have fallen off her chair, if you had told her that the national debt is the result of the way government has chosen to manage excess reserves in the banking system.
ReplyDeleteThis afternoon (11/10/11) between 4-5 pm EST, I watched an interview of Steve Keen by Lauren Lyster on RT (on my local cable tv) and was surprised to see/hear such an intelligent host. Steve K did his usual promotional spiel for his book (Debunking Economics) and he spent some time discrediting G Mankiw, L Summers, and the like re the conservative mantra regarding macroeconomics. If Mike wants to have an interview with an unusually enlightened host/audience, the RT tv folks would be worth checking.
ReplyDeleteThis was a good interview. I'm late to the game, but uploaded it on youtube.
ReplyDelete