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Jon N. Hall — The ‘Limitless’ Capacity of Government to Create Money

Summary:
"Weimar," "Zimbabwe" get replaced by "Venezuela in this puerile pseudo-criticism of MMT. What Jon Hall does get, is that a nation's currency is "the people's money." Unfortunately, he doesn't understand the implications of that for accomplishing public purpose through the political process in a democratic republic. Worse, he doesn't seem to care about understanding it other than superficially in terms of his cognitive-affective bias.The American ThinkerThe 'Limitless' Capacity of Government to Create MoneyJon N. Hall

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"Weimar," "Zimbabwe" get replaced by "Venezuela in this puerile pseudo-criticism of MMT.

What Jon Hall does get, is that a nation's currency is "the people's money." Unfortunately, he doesn't understand the implications of that for accomplishing public purpose through the political process in a democratic republic. Worse, he doesn't seem to care about understanding it other than superficially in terms of his cognitive-affective bias.

The American Thinker
The 'Limitless' Capacity of Government to Create Money
Jon N. Hall

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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