"Weimar." Brian Maher shoots from the hip and the shot goes wild. He obviously knows zero about MMT other than what he has read "on the internets" and what is being said in the media. Another straw man argument if it can be called an argument at all. It is an ideological screed.
Candidate for the worst "analysis" of MMT yet. Not worth bothering with. I am posting it for the record.
BTW, "market analyst" John Mauldin dismissed MMT as "insane." I didn't post it for the record since there was no accompanying analysis or argument at all — just a back of the hand dismissal.
Daily Reckoning
The Next Great Monetary Experiment
Brian Maher
Weimar is quite applicable. As is Zimbabwe. Or Venezuela.
ReplyDeleteA package of diapers is pictured next to 8,000,000 bolivars, its price and the equivalent of 1.22 USD.
https://tinyurl.com/y8eyyrom
There it is. Own it.
While Austrians would steal via needlessly expensive fiat and deflation.
ReplyDeleteAustrians would also continue privileges for banks by not allowing citizens to have accounts at the Central Bank or Treasury itself.
The question then is the ethics of inexpensive fiat creation and use - not whether it shall be created or not.
Trying to debate Roddis is like playing Whack-A-Mole.
ReplyDeleteEvery time you crush his 'argument' (read: statement of blithering idiocy) he disappears only to pop up in another thread spouting more nonsense. This forum is littered with his droppings.
His previous idiotic comment was "high taxes cause inflation" ("Video proves Davos billionaires clueless") - more to the point, that thread proved that Roddis is clueless.
The good news is that nobody seems stupid enough to take him seriously.