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Modern Monetary Theory: The little-known consequence of the massive coronavirus bills — JD Rucker

Summary:
The real existential threat to the United States isn’t what’s in the bill or anything else we’ve discussed. The real threat arises if we DO NOT crumble as a result. If the American spirit, our drive to recover, and the Grace of God allows us to make it through all of these bailouts without tangible repercussions, then Modern Monetary Theory will have been falsely proven to be effective. At that point, the end of America will begin. Say what? NOQ ReportModern Monetary Theory: The little-known consequence of the massive coronavirus bills JD Rucker

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The real existential threat to the United States isn’t what’s in the bill or anything else we’ve discussed. The real threat arises if we DO NOT crumble as a result. If the American spirit, our drive to recover, and the Grace of God allows us to make it through all of these bailouts without tangible repercussions, then Modern Monetary Theory will have been falsely proven to be effective. At that point, the end of America will begin.
Say what?

NOQ Report
Modern Monetary Theory: The little-known consequence of the massive coronavirus bills
JD Rucker

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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