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, January 9, 2013
Laurence Tribe says TPC is legal, decision to use it political
As this TPC looks somewhat more likely to happen each day --How do you guys think the fx and bond markets would react if the President got up the gumption to mint the bloody thing?
Ryan the other thing is the Fed reaction to this... I cant see how both the Admin and the Fed can remain mute on this after L Tribe provided a legal opinion....
What would the Fed do with monetary policy?
I doubt they would set the rate to permanent zero...
Count on a propaganda campaign in the traditional media propaganda machine that TPC is 1) ridiculous, 2) inflationary, and 3) would end civilization as we know it.
What's Carney say now?
ReplyDeleteYeah Mike.. what do A LOT of people say now????
ReplyDeleteThe silence is deafening! ;)
Peterson?
Walker?
Gross?
Buffet?
Santelli?
the list is endless!!
LOL rsp, matt
As this TPC looks somewhat more likely to happen each day --How do you guys think the fx and bond markets would react if the President got up the gumption to mint the bloody thing?
ReplyDeleteThe nutcases would probably sell bonds...
ReplyDeleteRyan the other thing is the Fed reaction to this... I cant see how both the Admin and the Fed can remain mute on this after L Tribe provided a legal opinion....
ReplyDeleteWhat would the Fed do with monetary policy?
I doubt they would set the rate to permanent zero...
Count on a propaganda campaign in the traditional media propaganda machine that TPC is 1) ridiculous, 2) inflationary, and 3) would end civilization as we know it.
ReplyDeleteMain page Leader Headline at Daily Kos
ReplyDeletePlatinum coin might be legally required in absence of debt limit increase
Career Progressives are coming on board!
Career Progressives are coming on board!
ReplyDeleteThanks to Joe Firestone's persistence and thorough documentation.
Maybe we can still find a place for truth and common sense in this messed up society we live in.
ReplyDelete