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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Friday, April 16, 2021
The Interesting Case Of 'The Zaïre'... The Question MMT Cannot Answer — Eric Nies
Another nonsense. MMT describes the general case of the current monetary system. MMT economists never said that all countries are the same and that economic policy, including fiscal and monetary, depends on specifics that determine the special case.
So MMT doesn't work in a country with a history of chaotic management. Big surprise. I dare say the police and criminal justice system doesn't work too well there either....:-)
The Bailey Brothers Building and loans gang. That got every market call right for over 2 years.
They never got this one right. If you read the comment section
" We can settle this -- choose any size bet that is collectible and I will call you any size you want that the Dollar will be higher in Q1 2021 than the levels seen today. And I mean any size bet you can muster.
Yeah the turd world doesn’t count....
ReplyDeleteIn other news airplanes that crash due to bad piloting definitely mean that heavier than air flight is impossible.
ReplyDeleteSo MMT doesn't work in a country with a history of chaotic management. Big surprise. I dare say the police and criminal justice system doesn't work too well there either....:-)
ReplyDeleteI've been following this closely over the months.
ReplyDeletehttps://seekingalpha.com/article/4373173-u-s-dollar-dxy-bottomed-support-from-u-s-capital-account-initiates-bull-run-which-may-last
The Bailey Brothers Building and loans gang. That got every market call right for over 2 years.
They never got this one right. If you read the comment section
" We can settle this -- choose any size bet that is collectible and I will call you any size you want that the Dollar will be higher in Q1 2021 than the levels seen today. And I mean any size bet you can muster.
How about that? "
I wish Mike had taken that bet
:)
I wish I read the words zero hedge before following link.
ReplyDeleteHmm, an authority with no authority. Are we surprised? No