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Revolver: Sorry Zero Hedge, For Better or Worse the US Dollar Will Remain the King of Currencies

Summary:
Nice troll of the dumb ZH monetarists… Revolver people:It is the empirical fact of apparently lucrative borrowing in one’s own currency over the last thirty years that underlies the Biden administration’s confident experiments in fiscal irresponsibility. If you talk to intelligent economists who endorse “Modern Monetary Theory,” you often find that it boils down to the above fact and does not contribute a single new insight that would justify the Biden administration’s recent fiscal choices. Nonetheless, unemployment is falling, real wages are only falling slowly, and the U.S. appears in no risk of a depreciation-driven debt crisis).Sorry Zero Hedge, For Better or Worse the US Dollar Will Remain the King of Currencieshttps://t.co/zTB9HgqKPa— Darren J. Beattie ? (@DarrenJBeattie) February

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Nice troll of the dumb ZH monetarists… 

Revolver people:

It is the empirical fact of apparently lucrative borrowing in one’s own currency over the last thirty years that underlies the Biden administration’s confident experiments in fiscal irresponsibility. If you talk to intelligent economists who endorse “Modern Monetary Theory,” you often find that it boils down to the above fact and does not contribute a single new insight that would justify the Biden administration’s recent fiscal choices. Nonetheless, unemployment is falling, real wages are only falling slowly, and the U.S. appears in no risk of a depreciation-driven debt crisis).






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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