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.
"Simpleton and Bowels"! LOL!Righteous Mike!
We need more of your wisdom on CNBC
How about letting the Chinese spend more of their saved up dollars to buy more American stuff and invest more in the US economy?Might that not be another way to stimulate demand and rebalance the current account?
"invest more in the US economy?"Invest, fine, it's better than nothing, but it will still result in a net take-away of dollars from the domestic economy.
"Simpleton and Bowels"! LOL!
ReplyDeleteRighteous Mike!
We need more of your wisdom on CNBC
ReplyDeleteHow about letting the Chinese spend more of their saved up dollars to buy more American stuff and invest more in the US economy?
ReplyDeleteMight that not be another way to stimulate demand and rebalance the current account?
"invest more in the US economy?"
ReplyDeleteInvest, fine, it's better than nothing, but it will still result in a net take-away of dollars from the domestic economy.