Karl Marx – The Godfather of Central Banking? — Andrew Moran

Summary:
Marx’s disciples want to introduce modern monetary theory (MMT), a neo-Keynesian concept that involves printing even more money without the consequence of inflation. They may be unaware of it, but the MMT crowd is militating on behalf of Gresham’s Law. This is an economic principle that succinctly states that “bad money drives out good money” since people would likely hold onto more valuable assets, particularly gold and silver, than whatever the socialists print. "Marx’s disciples." You know, like Jerome Powell.I don't link to MMT criticism that is off the mark, but I couldn't resist this one.But in fact, the metals are taking off, and the dollar is dropping. So, is he right? Are we witnessing currency debasement?Liberty NationKarl Marx – The Godfather of Central Banking? Andrew Moran

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.