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, February 17, 2019
John Mauldin — Modern Monetary Madness
For the record. No comment. My time is valuable. Who is the crazy here?
Hey, it's their theory. Don't ask me to explain it.
If we had a dollar for every idiot (like the one who wrote the article above) who called himself an economics “expert,” everyone who visits this blog could comfortably retire.
I SAY AGAIN that the refusal to understand the facts of MMT is not an intellectual failing, but a moral one. People like the one who wrote the article above are quite simply assholes.
How did YOU learn about MMT?
You did it because of your moral character.
You didn’t do it to become “brilliant.” You did it because you wanted to understand the cause of poverty, suffering, and inequality. You wanted to understand how money actually works, so that together we could dream about making a better world for each other. You didn't do it for you, but for everyone.
By contrast, these idiot attackers of MMT are selfish little worms.
Steve Rattner is a politically connected private equity guy who was involved in some pension fund shenanigans. The oped is another attempt to scare people (your grandchildren are in debt!) into supporting the system that rapes them, and that guys like Rattner profit from.
Thank the NYT for giving this asshat a megaphone and for protecting him from the pension scandal.
If we had a dollar for every idiot (like the one who wrote the article above) who called himself an economics “expert,” everyone who visits this blog could comfortably retire.
ReplyDeleteI SAY AGAIN that the refusal to understand the facts of MMT is not an intellectual failing, but a moral one. People like the one who wrote the article above are quite simply assholes.
ReplyDeleteHow did YOU learn about MMT?
You did it because of your moral character.
You didn’t do it to become “brilliant.” You did it because you wanted to understand the cause of poverty, suffering, and inequality. You wanted to understand how money actually works, so that together we could dream about making a better world for each other. You didn't do it for you, but for everyone.
By contrast, these idiot attackers of MMT are selfish little worms.
Steve Rattner is a politically connected private equity guy who was involved in some pension fund shenanigans. The oped is another attempt to scare people (your grandchildren are in debt!) into supporting the system that rapes them, and that guys like Rattner profit from.
ReplyDeleteThank the NYT for giving this asshat a megaphone and for protecting him from the pension scandal.