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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Monday, January 18, 2021
The Unwelcome Return of the Real Purveyors of Violence — Ron Paul
No fan of Ron Paul's economics here, but often his political analysis is worth pondering.
The post about foreign policy is anti-Wilsonian and pro-Jacksonian.
Ultimately, those who favor the current Gold Standard banking model (and the MMT Gang does so) also favor the return of the Gold Standard itself or a close facsimile.
Why? Because what use is inexpensive fiat if the DEMAND for fiat is (unjustly) suppressed* anyway? Indeed, in that case, inexpensive fiat can serve as pouring gasoline on a fire and bring unjustified criticism on inexpensive fiat instead of where criticism rightly belongs - on our inherently corrupt Gold Standard banking model.
*eg: by allowing only private depository institutions to use fiat in account form.
Rough road ahead as Biden/Harris bring unity to the world.
ReplyDeleteNo fan of Ron Paul's economics here, Tom Hickey
ReplyDeleteUltimately, those who favor the current Gold Standard banking model (and the MMT Gang does so) also favor the return of the Gold Standard itself or a close facsimile.
Why? Because what use is inexpensive fiat if the DEMAND for fiat is (unjustly) suppressed* anyway? Indeed, in that case, inexpensive fiat can serve as pouring gasoline on a fire and bring unjustified criticism on inexpensive fiat instead of where criticism rightly belongs - on our inherently corrupt Gold Standard banking model.
*eg: by allowing only private depository institutions to use fiat in account form.
William Burns at CIA would seem to temper this view.
ReplyDelete“At the end of the day, the Bush Republicans – like Rep. Liz Cheney – will join hands with the Biden Democrats “
ReplyDeletehttps://lynnwoodtimes.com/2021/01/18/liz-cheney-censured-in-wyoming-for-her-vote-to-impeach-president-trump/
She’s finished...
William Burns at CIA would seem to temper this view.
ReplyDeleteLet's hope so. Otherwise, it's the crazy.
Distemper is a form of crazy.
ReplyDeleteUnleash the crazy!
ReplyDeletehttps://caitlinjohnstone.com/2021/01/19/viral-trumpsnewarmy-video-is-liberals-at-their-craziest-and-scariest/