Saturday , December 15 2018
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Adams/North: The Madness Of Modern Monetary Theory

Summary:
I don't know who John Adams is, but he seems to be a gold and silver bug and very right wing in his economics and maybe even be a libertarian. I'm not an economist but I began to see his arguments were nonsense. For instance, he says that MMT states that printing more money is not inflationary when the economy is under productive because the new money will produce more goods and services, but he goes on to say that adding more money to the money supply is always inflationary without saying why this is; he simply states this as a fact. [embedded content]

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I don't know who John Adams is, but he seems to be a gold and silver bug and very right wing in his economics and maybe even be a libertarian. I'm not an economist but I began to see his arguments were nonsense. For instance, he says that MMT states that printing more money is not inflationary when the economy is under productive because the new money will produce more goods and services, but he goes on to say that adding more money to the money supply is always inflationary without saying why this is; he simply states this as a fact.


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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