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War Spending Gives MMTers and the Left a Strong Talking Point — Connor Mortell

Summary:
This post was picked up and reposted by the Wall Street Journal.It is interesting that Connor Morrell concedes the truth of the MMT claims about fiscal sustainability. His objection is that it leads to excesses that result in eventual contraction to purge the system.Short and to the point.Mises Wire — Mises InstituteWar Spending Gives MMTers and the Left a Strong Talking PointConnor Mortellhttps://mises.org/wire/war-spending-gives-mmters-and-left-strong-talking-point

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This post was picked up and reposted by the Wall Street Journal.

It is interesting that Connor Morrell concedes the truth of the MMT claims about fiscal sustainability. His objection is that it leads to excesses that result in eventual contraction to purge the system.

Short and to the point.

Mises Wire — Mises Institute
War Spending Gives MMTers and the Left a Strong Talking Point
Connor Mortell
https://mises.org/wire/war-spending-gives-mmters-and-left-strong-talking-point
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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