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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Sunday, November 25, 2012
arlissbunny — Modern Monetary Theory vs the Fiscal Cliff
The fiscal cliff for dummies. Simple explanation to pass along.
... and these dimwits seem to believe that raising taxes and cutting spending in the teeth of this deflationary event is the medicine that is needed at the moment. I'm trying to maintain optimism, but not sure I can keep it up much longer.
and these dimwits seem to believe that raising taxes and cutting spending in the teeth of this deflationary event is the medicine that is needed at the moment. I'm trying to maintain optimism, but not sure I can keep it up much longer.
This is the negotiating strategy. Appear intransigeant about one's demands as the starting point.
Watch Meet The press. David Brooks is especially sickening, but they all are in need of MMT shock therapy:
ReplyDeletehttp://www.msnbc.msn.com/id/3032608/vp/49955657#49955657
... and these dimwits seem to believe that raising taxes and cutting spending in the teeth of this deflationary event is the medicine that is needed at the moment. I'm trying to maintain optimism, but not sure I can keep it up much longer.
ReplyDeleteand these dimwits seem to believe that raising taxes and cutting spending in the teeth of this deflationary event is the medicine that is needed at the moment. I'm trying to maintain optimism, but not sure I can keep it up much longer.
ReplyDeleteThis is the negotiating strategy. Appear intransigeant about one's demands as the starting point.
Going over the cliff.
ReplyDelete