Jerry Khachoyan — Worrying About The Deficit is Silly

Good charts and commentary.

The Armo Trader
Worrying About The Deficit is Silly
Jerry Khachoyan is currently an undergraduate student at UCLA pursuing a degree in Political Science.

Jerry Khachoyan on Warren Mosler

Warren Mosler, economist and one of the primary founders of Modern Monetary Theory (MMT), had a very interesting interview recently on “Straight Talk About Money” that is a must listen (click the link to listen). He was giving his thoughts on how we’re not headed in the right direction and what we can do to fix that. As usual, he gives very clear and concise descriptions about the monetary system, the economy and what the solutions should be for our woes.

One thing that particularly caught my attention was when he said (at about 37:37):  ”Because We Think We Can Be The Next Greece, We’re Turning Ourselves Into The Next Japan”. This is exactly what is happening. We think the deficits are hurting us while it is truly the only thing keeping us from going into a deflationary spiral. We think we can default like Greece because of our inability to “pay back our debt”.

To add some illustrations to this quote (and some of Mosler’s other points), just take a look at the following charts and graphs.

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Warren Mosler: Because We Think We Can Be The Next Greece, We’re Turning Ourselves Into The Next Japan

Jerry Khachoyan

(h/t Clonal in the comments)

Armo Trader — Money In Politics Corrupts Absolutely

Money in politics corrupts absolutely. What do I mean by this? I am talking about how money buys politicians which absolutely leads to corruption in the political system. By corruption, I am talking about bad decision and policy making. Decisions that are not beneficial to the majority of Americans. Decisions that lead to Crony Capitalism.

As we know, the politician with the most money usually wins (About 8.5/10 Congressmen who won their race in 2010, had more money).  So in order to win, the average congressmen has to raise $1.5 million dollars per election cycle  in order to “guarantee” his or her victory.

Read it at The Armo Trader

Money In Politics Corrupts Absolutely

by Jerry Khachoyan

"Why I Became A MMTer This Year "

Another convert thanks to Cullen Roche's Pragmatic Capitalism. Welcome aboard.

Read it at TheArmoTrader
Why I Became A MMTer This Year
by Jerry Khachoyan

(h/t Cullen Roche, reposted at Pragmatic Capitalism_