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, October 11, 2021
Problems with Modern Monetary Theory (MMT)
I thought the replies were interesting, where not many people agreed with the criticism.
Everyone is short bonds on “stagflation!” meme and they are talking their book when they bring up Volker.. they’re short… they wish the Fed would raise rates to 20% again …
Not going to happen the Fed has said this over and over..,,
Zero effort 'criticism' can't expect to reap praise from the peanut gallery.
ReplyDeleteTalking about Volker is ancient history to millennials and GenZ… they don’t know and don’t want to know what you are talking about…
ReplyDeleteThey have never experienced anything but zero interest rates…
This is why their DeFi and blockchain systems don’t rely on an interest rate but rather a small fee for operating the systems..
It’s All the boomer old farts wanting to dredge up the whole “inflation!” and “stagflation!” narratives from the 70s…
ReplyDeleteSpeaking of the boomers, mostly incontinence adult diapers and hearing aid tv commercials nowadays
ReplyDeleteBoomer booster shots now have a Viagra supplement.
ReplyDeleteEveryone is short bonds on “stagflation!” meme and they are talking their book when they bring up Volker.. they’re short… they wish the Fed would raise rates to 20% again …
ReplyDeleteNot going to happen the Fed has said this over and over..,,