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Lots of great, appreciative and instructive comments. Thank you! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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Lots of great, appreciative and instructive comments. Thank you! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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| Lots of great, appreciative and instructive comments. Thank you! Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes |
Mike u a top geezer an nice to see fox giving you the ranks you deserve 🎉…u the cleverest Clint Eastwood in town 4 sure ……keep up the good work an teaching people really how the financial machines work 🙌
Real money is finite, fiat currency is not.
doesn't make sense
"Gold is money, everything else is credit". said JP Morgan. Gold in your possession does NOT have counterparty risk. Now Bitcoin is taking on this role digitally.
@bpprovit Exactly, I knew someone would figure it out.
I'll take yours if you don't want it.
Money is not finite. It's a man made measurement of private property value.
digital money is already here (not talking about crypto) and that's already detached from physical currency bills. This seems like the first big hurdle in that the money is already unlimited and not real towards the interpretation they want to take. The constraints put on are also arbitrary and nonsensical. Overall gj; bring the counter examples and remember no one wants to be wrong. Hope they give you a few more of these opportunities and scope the politics – maybe acknowledge where applicable will feed the beast but keep the facts.
Also try not to repeat examples much if they do – think of more/ diff examples of the things u already know well. It might get more traction or clarify things from an ambiguity or teaching pov
They would like "programmable" digital currency.
Mike Someone Like You who's honest and has ethics and integrity and who cares about the truth. Someone Like You will never stay with something like Fox News. You did a fantastic job and as I always say thank you for what you do it's really important
You're right, the host speaker seemed to be against MMT from the start. He probably doesn't know anything about it. Here is a video I saw a few years ago that got me convinced that MMT is the right way to go: https://www.youtube.com/watch?v=GXjWeucTyFU
The problem with the US is we need people like you running things, setting policies not the nitwits that are in there now.
Stocks only go up
Mike, you were great on fox plus you look great in a gray suit
So inflation went up due to supply/demand imbalance from covid lockdowns and stimulus…and now persists because of FED raising rates….did I get that right?
Mike what do you think about the reports on mainstream media about the USD losing reserve currency status? What's the potential effect on the stock market if reserves drop substantially?
The answer is Who the F cares. If foreigners stop wanting to hold usd denominated assets, and go into others paying higher interest, then you can too, so can Treasury if they care to, but they have no need to care. The focus of MMT is full employment and price stability, not the relative value of a currency which your government tells you what you need to do to get it. If USA citizens have to pay higher prices for imports, that's a good thing, incentives more domestic production perhaps, promoting fuller non-bullsh*t job employment. You can always afford the imports that your exports "pay for". So you in the USA might want to stop exporting "war" which raises the cost of your imports, like sniping at the farmer who is growing your crops for you.
You did great
@5:00 "infrastructure" is pure social good spending. (If what I think you mean by "infrastructure" is the same as what I mean.)
It's Freedom Money. It makes a lot more sense to lift workers out of poverty than to keep a quarter of the workforce in poverty. Good job Mike.
Can we get a measurement check, you made Joe look lilliputian. 6'3" 215?
You did a great job on FOX Business. I saw from jump they were tryin to misrepresent MMT. I studied economics in undergrad and the way you explain MMT is easy enough for all people with an open mind will understand.
Like you say MMT is like Physics. It’s a description of the economic system. To argue against it is to argue against the way things are.
❤👁
I think you did great! You have to respect rules to look good and be able to come back. But you managed tons of information considering time given. Great job!