Summary:
MMT is, in its theory and expression, nothing more than an over-glorified central bank inspired overtake of the entire global economy as to reset it into a Marxist/Socialist/Communist inspired construct of central planning delegation, where winners and losers of business and more will be picked via the delegation of money printed ex nihlo to where some central authority will see fit. Or said differently: an utter and complete con job to gain control of all mechanics of enterprise, where the self anointed and appointed cons will be free to do as they see fit, free from any legal, moral or ethical ramifications. (Hint: see EU, ECB for further clues.) And free market capitalism will be taken out back behind the MMT edifice - and shot. Bonkers.Seeking AlphaForward Guidance: The Spinning Of
Topics:
Mike Norman considers the following as important: MM critics, MMT, MMT criticism
This could be interesting, too:
MMT is, in its theory and expression, nothing more than an over-glorified central bank inspired overtake of the entire global economy as to reset it into a Marxist/Socialist/Communist inspired construct of central planning delegation, where winners and losers of business and more will be picked via the delegation of money printed ex nihlo to where some central authority will see fit. Or said differently: an utter and complete con job to gain control of all mechanics of enterprise, where the self anointed and appointed cons will be free to do as they see fit, free from any legal, moral or ethical ramifications. (Hint: see EU, ECB for further clues.) And free market capitalism will be taken out back behind the MMT edifice - and shot. Bonkers.Seeking AlphaForward Guidance: The Spinning Of
Topics:
Mike Norman considers the following as important: MM critics, MMT, MMT criticism
This could be interesting, too:
Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.
Steve Roth writes MMT and the Wealth of Nations, Revisited
Matias Vernengo writes On central bank independence, and Brazilian monetary policy
Michael Hudson writes International Trade and MMT with Keen, Hudson
MMT is, in its theory and expression, nothing more than an over-glorified central bank inspired overtake of the entire global economy as to reset it into a Marxist/Socialist/Communist inspired construct of central planning delegation, where winners and losers of business and more will be picked via the delegation of money printed ex nihlo to where some central authority will see fit.
Or said differently: an utter and complete con job to gain control of all mechanics of enterprise, where the self anointed and appointed cons will be free to do as they see fit, free from any legal, moral or ethical ramifications. (Hint: see EU, ECB for further clues.)
And free market capitalism will be taken out back behind the MMT edifice - and shot.Bonkers.
Seeking Alpha
Forward Guidance: The Spinning Of Illusive Illusions Within The Grander Illusion Of Modern Monetary Theory
Mark St. Cyr | C-Level Management Advice, Turnaround Specialist, Big Picture Real World Insight