Tuesday, March 29, 2016

MMT's very own, officially advising a legitimate contender for US President.

MMT sure has come a long, long way. Thank you to all the MMT top-enders, for the effort spreading the word and doing the original work. Congratulations.


"Kelton and Black make for a natural match. Each is a key figure in UMKC’s economics department, which has a long-standing reputation for embracing unorthodox explanations of the economy that often challenge mainstream thinking. Black said he’d gladly provide his advice to the other top presidential candidates, but for one reason. 
“No one else is going to ask me,” he said.
For Kelton, advising the campaign extends the close work she did as Sanders’ chief economist on the Senate Budget Committee in Washington, D.C., last year. Now back at UMKC, Kelton stays up with the campaign from home, live-streaming Sanders events sometimes two or three times a day."

Classic Black, and he's right no other candidate even cares about elite economic fraud. Hell, Trump's entire empire has been built on fraud and extracting value through financial leverage. And we all know how much Obama and HRC care about bank fraud.

Read more here: http://www.kansascity.com/news/business/article68888297.html#storylink=cpy

Read more here: http://www.kansascity.com/news/business/article68888297.html#storylink=cpy


MRW said...

Auburn, his entire empire (his big projects) was built on licensing his name, like George Forman selling grills; he used to appear in classes at Wharton explaining how he did it. (Can’t remember whether it was 3-4% of cost or 3-4% of total sales.) It was only when his kids grew up and entered the business that they branched out into vertically-run projects.

Some people found that out to their chagrin when the GFC hit in 2008. A Trump luxury residential golf course project in Baja California suspended building after taking pre-owners’ money. The pre-owners sued the Trump org to get their money back and discovered the project was run by Trump in name only. The real builders (Japanese, Arabs, Whomever) had indemnified Trump in his licensing contract with them. He was getting something like 15% for his name on the project.

This is one of the reasons that Trump did such enormous self-promotion. Brand-building to increase his value as a recognized name.

Tom Hickey said...

As they say in Texas, "All hat and no cattle."

In Trump's case it's fancy boots and gold (plated) spurs too.

Unknown said...

Hmm,a "conspiracy theorist" who "doesn't understand the system" is representing MMT?

MRW said...

@G. Uribe,

Who are you referring to?