Investing MMT - A Layer Below MMT



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Comments

  1. There is some enlightening information here that I would like to share academically but for the bad language, lol. More good work. Thanks.
  2. not sure where you get the idea that all the mmt family believe that higher interest rates are good for the economy.

    mmt mantra is zirp( zero interest rate policy ) for the interbank rate, mainly because in a prevailing normal situation of a government deficit , in the absense of open market ops from the central bank, the interbank rate would normally defaul to zero.
  3. Hi Nick, Am I hearing you correctly in predicting over weeks to months (as opposed to days) that these are all looking like they are going up GBP, CAD, AUD, NZD?
  4. this is not below MMT, Nick - it is above MMT! :) I think it is a continuation and a refinement. Good stuff!
  5. MMT is just operational reality.
  6. Bravo. Excellent.
  7. Great work. Now for all you brain dead individuals. Like stated it's just math. The magic of compounding interest won't allow an economy to ever grow enough to cancell the debt. Unless like China the world sends their manufacturing base to it. Manufacturing is a value added process. While interest compounds on the debt NO ECONOMY EVER has grown itself out of debt when that debt was in essence created to transfer wealth from the producers US to the savers the 1% or even the top 5%. As Michael Hudson has stated, either the debt has to be forgiven or there is no history. His book J is for Junk economics is a must read. Steve Keen is another lecturer worth watching on YouTube. It isn't the government debt causing the problem but rather is the private debt created by the banks. They create money out of nothing also. The bank debt isn't issued to grow the economy it's used to mostly for acquiring assets already in place often to aquire it for asset stripping. If government didn't create money what the hell are you going to spend. Gold coins, bushels of wheat? Trade in trinkets? It's a con job this neoclassical economy we live under designed to benifit the wealthy or do you really believe its for working people. Do yourselves the favore listen to this channel of course and watch M Hudson S Keen R Wolff and economist that know reality from the pure shit these new financial wonder kids are selling you. No doubt we're mostly all are going down but at least understand why and how you are. THINK A LITTLE. If excess savings or I should say all savings end in the top 10% of the income distribution when's the trickle down going to take place......NEVER. Right now less than a hundred people own more wealth than the bottom half of the worlds population. Roughly 3.5 BILLION people. Get it. Learning hurts but it's worth it
  8. Good stuff, very interesting to hear this candid take on how MMT theory applies in the real market.
  9. Good points. Maybe you should just call all of this functional finance instead. Functional finance has been around since at least the 1860s w/ the Greenbacks. I have my own political views and this stuff is just a framework for me to understand what's in place now. It doesn't mean do this, that and the other. Some people I've talked to are pretty neutral about surpluses and deficits and don't necessarily advocate for either.

    How do you suggest discerning between the politics and MMT. Do you agree with people like Bill Mitchell when they discuss neoliberalism in their posts?
  10. Excellent work as usual! One question: if consumption is what drives the economy, is a consumption-based tax a good idea? Bc wouldn't that be disincentivizing the very thing that drives the economy?
  11. some rednecks rather have their guns than free healthcare that says it all. bernie should have used more tremendous words to appeal to these people, great words even they understand :D
  12. this sounds too good to be true, like a socialist utopia, I can't accept it
  13. I recently found your channel, and really like it, I'm learning in economic university myself right now.
    But can you please be slightly less rude to people who might disagree with you, even if they are austrians?


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