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The short answer is yes, and it should, immediately. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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The short answer is yes, and it should, immediately. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman
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Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
| The short answer is yes, and it should, immediately. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman |
If the national debt hits $40 trillion, we are for some serious trouble
@Cyrus992 , if so, then you first have to propose for something constructive and the vote for that policy option. So please give me an example of how you would make USA a better place for everybody?
@Jari Rutanen Before I tell you, I first think that given the mass division and corporate corruption, it is time to break up. Starting with Idaho
@Cyrus992 , yes I completely agree with your: the corporate, MIC and financial sector corruption should be ended. Sadly the US has become a neofeudal state where the poor and middle class people are constantly being milked by their feudal overlords.
@Jari Rutanen Tell me about it. So in order words you do see problems ahead but not doom and gloom
@Cyrus992 , not in the long run. Meanwhile in the short run the massive private sector debt bubble will burst at some point. Starting from corporate bonds I believe. I think we are going tho see a variation of 1929 crash here.
Masks don't do anything. They are a sign of submission to the "great reset". Get ready.
@Danger Zone Reloaded Read the insert in the box on the box of any of your mask products. Everyone of them will tell you the same thing. Ask any of the thousands of doctors and medical professionals that haven't been canceled or censored on social media.
@Bob Anderson irrelevant. I said show me the evidence.
@Danger Zone Reloaded How is where I just led you irrelevant? Do you know how to research for yourself? Or are you just pulling my chain.
@Bob Anderson you're pulling your own chain.
@Danger Zone Reloaded Yeah right.
0:50
vom.gen.in
Looks like Mike's been muff diving! Herpes is for life!
I doubt it. Have you seen his gay hat?
@Danger Zone Reloaded which one? He has more hats than all the Village People combined!
No….Return on risk or time………cheers Michael
So we're back to Square one, if the government can issue unlimited amounts of debt, that the Fed will monetize why bother with taxes? After hundres of years of current monetary order have we invented something new that will lead us to neverending prosperity, a new Nirvana?
There has to be a catch, like in Zimbabwe or Venezuela
The reason for tax is that it gives value to the currency, because it makes it revenue-generating. It's also a tool to control inflation, as it removes currency from circulation. Lastly, it can be used to shape society, by increasing the burden on some demographics and reducing it for others. Corrupt or broken political systems, like Zimbabwe and Venezuela, are not good examples of the drawbacks of debt.
You should get Mike's course, to learn about this, and much more. It's honestly the only genuinely-educational thing I've spent my money on, in the last 3 years that I've been interested in the financial markets.
Venezuela Zimbabwe and the Weimar republic had inflation because of a large fall of productive capacity. Inflation lead to money printing. Not the other way around.
@Paul Dowsett there is so much information on mmt you can get for free. Why would you spend money on it?
@Danger Zone Reloaded I know, but I wanted the applied approach, and that's exactly what was provided. It was well worth it.
Sounds like a endless game of marbles, with each child returning the marbles it just won!
Interesting this is exactly what Professor Bill Mitchell was talking about in his blog yesterday….14/02/2021. Which is absolutely true.
The FED can rip any asset it has in its balance sheet as it can never be illiquid, but it will be insolvent.
Unless the treasury is willing to coordinate and reduce the general account by the same amount.
Ripping up the asset doesn’t take away the liability at the same time.
they may have made this kind of complex to keep the people poor, making all the wrong decisions
Mike's nose is so red , he was probably drinking Vodka with two Russian brown bears in Siberia hahahaha…
Been saying it for about 2-3 years now … in comments. I'm glad more people have understanding nowadays. Thank you Mike for those valuable insights!
Question mike though, why would not that cause interest rates to rise?
Inflation doesn't "cause" interest rates to rise. Interest rate changes are an explicit decision made by the Central Bank (The Fed, in the US's case).
if the interest rate was set by the market (it isn't) it would actually cause rates to lower because there would be less treasuries in existence.
Isn't there a possibility that they might need these treasuries in the future to sell for monetary policy?