Tag Archives: limits

At his economic conference with other world leaders there, Putin said this... "We are hostages to this internal strife in the United States..."  And I stupidly used to think Putin was smart.  When one puts limits in one's own mind, even if they are imaginary, those limits can be debilitating.  Putin, as the ruler of the largest country on earth, doesn't understand that Russia has no limits, especially none imposed by U.S. "internal strife," whatever that is.  Pathetic. ...

The Modern Monetary Theory (MMT) idea – or at least the idea shared by some supporters of MMT online – that imports are only ever a benefit and MMT is a viable policy for all nations are badly mistaken ideas.Now MMT would work for the US, Western Europe, Australia, Japan, South Korea or Taiwan, but not for much of the Third World.That is, MMT-style policies are best suited for advanced capitalist nations, not necessarily for Third World countries, because most of them face severe balance of...