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Bloomberg – Everything You Want To Know About Modern Money Theory

Summary:
Bard College Economics Professor L. Randall Wray explains the controversial idea that’s gaining acceptance with Bloomberg's Cristina Lindblad and Peter Coy. [embedded content] But the right-wing doomsters are going full pelt underneath. From the comments section - It is amazing that someone calls himself economist after ignoring economic history. ALL nations who printed/coined/digitalised money at will went broke. It takes an hour or two to study cases like Greece, Rome, Byzantine Empire, Brazil, Venezuela, Congo, to point the places I can recall. Keep printing money, America, like there's no tomorrow. Live the fake life a little longer. Hangover is coming. Reply Exactly. The British tally stick system lasted 8 centuries before their holders were paid off in gold. Any day now...the

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Bard College Economics Professor L. Randall Wray explains the controversial idea that’s gaining acceptance with Bloomberg's Cristina Lindblad and Peter Coy.





But the right-wing doomsters are going full pelt underneath.

From the comments section -

It is amazing that someone calls himself economist after ignoring economic history. ALL nations who printed/coined/digitalised money at will went broke. It takes an hour or two to study cases like Greece, Rome, Byzantine Empire, Brazil, Venezuela, Congo, to point the places I can recall. Keep printing money, America, like there's no tomorrow. Live the fake life a little longer. Hangover is coming.

Reply

Exactly. The British tally stick system lasted 8 centuries before their holders were paid off in gold. Any day now...the collapse. The Roman empire only lasted 1000 years...any day now.
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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