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The truth sometimes is uncomfortable. 
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Mike Norman considers the following as important:
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The truth sometimes is uncomfortable. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Andreas Cervenka och den svenska bostadsbubblan
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Lars Pålsson Syll writes Debunking the balanced budget superstition
| The truth sometimes is uncomfortable.  |
Good Information. Thanks
maybe u should rethink your support for trump based on elon… i believe kamala is better for the stock market
Mike, Elon is moron. All the media now is over this debt/deficit. It is a concerted message. The problem with trum is they he tends to bring ina bunch of idiots in his administration. I won’t vote for the blue team but musk for me is a no. He will be a disaster. Trump said that he is not seeking for another meaning that he is willing to do anything to reduce the debt. Get read for the trump recession! You are doing a great job here. I’m just pissed that all the MMT are totally gone! Nobody is taking this Elon moron aside and teach him a lesson. The other problem is that musk is very egocentric and won’t listen to anyone.
It might be true that the government can create all the money it wants in terms of its own economy. It will make prices to go up, but it might be ok as long as people keep earning the same relatively speaking with respect to inflation. However, what about the value of the dollar compared to other currency? Wouldn't the dollar just plummet like it did in Germany pre-WW2 or in Argentina until very recently? Just trying to understand things. Thanks!
You cannot run an economy based on government spending. That’s all America has been doing and this has cannibalized small businesses. I can’t disagree with you more on your economic theory. I’m shorting the Hell out of this false market and praying someone is elected that prefers real money.
"The government can tax your money away anytime it wants"
-King George 3rd, 1775
And therein lies the problem that MMT adherents overlook. MMT is a great DESCRIPTION of the money system, but like a kid that found his dad's gun, it becomes a plaything to abuse. Eventually those that produce get tired of carrying the tens of millions of parasites who grow more numerous and entitled, encouraged by MMT cheerleaders.
The all mighty "monopolist" just declared from on high that rates are .50 lower- and the market, just like the colonists in 1775, said "NO". That's why you have large losses if you followed Mike's advice on the bond market, and gold, and the stock market's expected "dip" a few months ago on "tax drains". I'm not disparaging Mike, I like him a lot, (except for his cheering the murder of women and children in the ME) but we need perspective on this.
This will take perhaps decades to unfold, maybe not, but those who produce are looking for the exit from inflation, abuse, wars, social decay, etc. that our monetary system must produce. It will be very destructive, good luck to all.
You really have gone insane. Trump will lose by millions in NY. Glad he wasted precious time and money.
I listen to Mike cause he doesn't lie about the market.
But voting for a known liar/racist who is hated in NY with tons of lawsuits cause he refused to pay his workers is truly amazing to me.
Does the koolaid taste that good?
Or do we just want to
MAKE PANDEMICS GREAT AGAIN???
I don’t work everyday for prices to go up….you become productive so prices come down. I understand inflation bails out the rich by raising asset prices. The problem is it’s not organic but rather an orchestrated outcome. The working class gets further ahead with lower prices, not higher wages
Does inflation and low rates enable debtors? Yes
Thank you Mike MMT!❤👁
Great video. It's amazing that people live in a one dimensional world when it comes to the markets / economics. The real problem is the imbeciles and corruption in the public sector.
Elon Musk captures government regulators that are stopping him from ruling the world. This is why he supports Trump, to get the regulators off his back.
The Wall St and business elites want Kamala Harris but they must hedge and pretend to support Trump. His policies as stated would be catastrophic for the economy. Trump threatens deportation’s and massive tariffs to garner votes but these won’t be enacted once he’s in office.
Not surprised at election time speak. Same as all the bullshit promises spoken never followed thru on. Every election same same. Trump has proven what he will do if the world doesnt go his way. To set this up just like Hitler surrounded himself with inompetent yes men, same for Trump.
You know, back when Elon took a dump on Build Back Better, stating that the whole thing should be scrapped, talking about "government debt" and how a private company would be bankrupt if it were run like that, I realized that that guy had never heard of MMT. He's not all that bright. All this genius thing was just what he looked like from a distance, and the closer he came and the more he got involved with politics the more it became apparent that he's actually quite stupid, on politics or economics.
“Rich people love tax cuts, cuz that’s like spending increases for them” … why cut taxes for the rich?? Cut taxes for the people that actually do the work: blue collars should pay almost nothing in income tax. And that’s ON PERIODT!
You Boomers wont get off the stage before you burn everything down.
Elon probably doesn't understand economics because Elon went to Wharton. Unlike Tru–
Oh, wait…
camala is making hyperinflation great again 😂