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Janet Yellen should know something about interest rates and how they are set. She ran the Fed. So maddening. 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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Janet Yellen should know something about interest rates and how they are set. She ran the Fed. So maddening. 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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| Janet Yellen should know something about interest rates and how they are set. She ran the Fed. So maddening. 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 |
Howdy! and thanks.
Janet Yellen wants to keep the neoliberal language going to keep people in the dark. There's an old saying soon to be treasury secretary Yellen. When Souls live in darkness sins will be committed. But the guilt does not lie with those who committed the sin. Rather the guilt lies with those who caused the darkness.
If basing market conditions on fiscal flows is a thing, how do you explain the S&P up 134% from 96-2000 period?
great question , good point
Time lag on the effects of the surplus, but the bubble was fueled on credit. Take a look at how private credit ballooned in those years.
Thing is, Yellen don't run the fed no more. She's no longer the interest rate setter.
Can you please do a video about Andrew Yang running for NYC Mayor? Is he wrong about universal income working on a city level?
Mike she’s being confirmed and has to appease the dolts in congress.
@Neal Sanger I think that’s hyperbole. She’s advocating for Biden a 1.9 trillion plan
@Jay Mills and that plan is a sad neoliberal half measure
@Neal Sanger what’s neoliberal about it?
@Jay Mills well first and most obviously, the lack of retroactive income payments and those for the duration for one. All our economic peers have that. We are not keeping up with the Joneses.
If you grade the performance of the US in context economically, this is the most obvious feature we are lacking.
Biden has dementia. You won't see the old Biden. But he's finally president.
I've been on the lookout for any valid criticisms of MMT. Is this guy onto something or just a bunch of hot air? The middle part of the video contains his criticisms of MMT that I don't know enough about to know if they are valid. Thanks! https://www.youtube.com/watch?v=tiymOa_P6KE&list=WL&index=30&t=180s
George Gammon follows Austrian School Economics (Libertarian) and very down on MMT. His descriptions of MMT have been misleading and sometimes downright false. He supports the 'printer goes brrrr'/ printing money/inflation idea of QE
'
Ya MMT is legit. It’s the most accurate description of how the currency works in a sovereign system like the USA, Japan, Australia, etc. Modern Monetary Theory is not modern and it’s mot a theory – that’s just what it came to be called spontaneously on a blog somewhere. Billyblog? Idk.
But just check out the economists and read the basics. There are a lot of good places to start – including Warren Mosler’s “The Seven Deadly Innocent Frauds of Economic Policy” – it’s a free pdf from his website. Videos and articles everywhere. Just pick something bite size then search YouTube for an answer on “Deficit Owls” YouTube channel, maybe.
What’s no small coincidence is MMT’s best solution to end poverty intersects directly with the (anyone’s) Green New Deal federal job guarantee program.
All just in time for global warming – ain’t that a peach?
Fully agree with you here bud
last thing i'm concerned bout i what yellen is yellin… there's a hoard of hondurans headed our way while the desire is to lock us citizens down & letting them in… wtf is that shit??
whatsup with she saying massive stimulus and strong dollar policy at the same time ?
Productive public investment will strenghten the dollar.
they may say they want a strong dollar, but they are always backward on the interest rate thing. Just like the ECB says they want a weak Euro, but everything they do makes it stronger.
Mike, doesn't it show the sign already … about Yellen / Biden admin?
It sure is frustrating and maddening to hear that low interest lock-in nonsense!