Monday, October 11, 2021

Problems with Modern Monetary Theory (MMT)

I thought the replies were interesting, where not many people agreed with the criticism. 






6 comments:

Peter Pan said...

Zero effort 'criticism' can't expect to reap praise from the peanut gallery.

Matt Franko said...

Talking about Volker is ancient history to millennials and GenZ… they don’t know and don’t want to know what you are talking about…

They 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..

Matt Franko said...

It’s All the boomer old farts wanting to dredge up the whole “inflation!” and “stagflation!” narratives from the 70s…

lastgreek said...

Speaking of the boomers, mostly incontinence adult diapers and hearing aid tv commercials nowadays

Peter Pan said...

Boomer booster shots now have a Viagra supplement.

Matt Franko said...

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..,,