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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Tuesday, December 23, 2014
Warren Mosler — OPEC leader vows not to cut oil output even if price hits $20
The Saudis never ‘cut production’
They just set price and let the world buy what it wants at their price.
Holy F**ksticks batman!! This is an all out war with the rest of the world's producers. So much for $50/barrel being the bottom...
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