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Ice Cube understands U.S. is a currency issuer and not constrained when it comes to spending on needed investments. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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Ice Cube understands U.S. is a currency issuer and not constrained when it comes to spending on needed investments. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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| Ice Cube understands U.S. is a currency issuer and not constrained when it comes to spending on needed investments. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman |
It's not that they don't get it. It's that they don't want to get it. It's in their best interest to never get it.
Yes, excactly…they actually know very well what they're doing.
Spread the MMT word Ice Cube!! Thanks Michael.
tax on credit interest on a low interest rate environment. Is this an effect?
Maybe some of these economists should start putting out some rap albums!
I'm Alone ??
Ice cube is a moron. We don't want him as a proponent of MMT. He'll set the movement back.
He's got a huge following. If even a small fraction are inspired to research MMT, that's a good thing.
Marco B, clearly Ice Cube is light years far from being a moron. Your insulting him like this is what can set "the movement" back. (BTW, there is no MMT "movement". MMT is not proposing nor supporting any kind of economic policy. Don't you know this already?)
"There's room for everybody at the rendezvous of victory"
Mike, you’re an interesting guy. You seem to care for society and understand how the system could be rearranged more fairly through fiscal policy (spending and taxing) but you apply MMT to the financial sector, a sector that has been a huge attribute in the redistribution upward of capital wealth. Deep down you know the continuation of deregulation, trickledown economic, and how the financial sector is structured will implode through civil unrest. All the signs are there and history confirms it.
It helps this rapper say these things when he has a load of money. In other words, if he was a poor man struggling to make it, would he then be saying those things?
i do believe that the end of mmt will be thru too much inequality from all this money printing not being equally saved by the public but the top 1 to 10 percent the super rich
Hey Mike, does MMT factor in sentiment? Crowd behaviour is the single biggest driver of the stock market.
No, the single biggest driver of the stock market is GDP growth expectations.
Mike, when you say we're down $32B year over year vs last year in corp. income tax deposits, are you comparing Sept. 16, 2019 to Sep. 14, 2020? Note in 2019 Sept. 14 was a Saturday.
If you're comparing Sept. 16, 2019 to Sep. 14, 2020, where are you getting $32B from? Sept. 16, 2019 was 256,572, whereas Sep. 14, 2020 was $219,482. That's a difference of $37B, not $32B, correct?
Also, as tomorrow is the 15th, might be exceed 256,572 tomorrow? Thanks in advance for the clarification!
if everyone had money, education, and health care…. why would young men and women sign up for the military to put their lives in harms way invading a country so they can get a GI Bill? the crooked ass banks need things this way.
Mike, doesn't matter how low nominal rates are if they are above the neutral rate.
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You rock Mike!
Even though I agree with lots of your ideas Mike, I disagree with you on who should be in charge of money creation. Money was and should always be privately created…
Private money is just a non-government liability and and a non-government asset that has to be paid back, and it can't add to net financial assets in the economy. When the government spends, that money transfers over from a government liability to a non -government asset, money that can stay in they system free and clear, it actually grows the money supply, which is what we want. Private debt accumulation is a huge problem in our economy.
@Dave Duerre When the gvt spends, you indeed have an increase in private sector B/S and a decrease in public sector B/S but for the gvt to spend, he has to borrow. How does he borrow? Commercial banks (private sector) create the credit, thus increasing the money supply. In any case, at the origin, the private sector creates the money… so I don't quite understand your point "When the government spends, that money transfers over from a government liability to a non -government asset, actually grows the money supply." Could you please explain further?
@El Bouzidi Amine I'm sorry, that's just not how it works, when the government borrows money from the banks, it is doing so in order to drain reserves from the banking system, not to obtain money to spend the money into the economy. And how would the banks have any money to lend if the government didn't first spend it into existence? They can't debit an account until they have credited an account.
@Dave Duerre Hey Dave, could you please emphasize further on "draining reserves from the banking system"? As far as I know, bank reserves do not circulate in the economy. Banks keep reserves to meet their depositor's whitdrawals should they want cash but what is being withdrawn is still the bank credit that was created when a loan was made. As Mike alway say, loans create deposits :). Thanks !
Mike, do you realize how CONDESCENDING what you said sounds? Perhaps you did not mean anything by it but it comes across as insulting to rappers and by extension to the vast majority of them, i.e. African Americans. Make the effort to clarify what you meant to say (e.g. rappers are not economists yet we have here a rapper who understands state finances beter and more than a genuine economist of the dominant paradigm does, etc). No need to alienate people, man.
Crazyyyy! We should collaberate on some music. Check out my music videos and if you dig it get in touch on IG @_benfly
Real rapper's are the most intelligent people on earth just look at how Nasir Jones album illmatic is studied in university's
Now u talkin