by Summary:
She has a cockamamie scheme to boost the economy.
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Mike Norman considers the following as important:
This could be interesting, too:
She has a cockamamie scheme to boost the economy.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Milei’s Psycho Shock Therapy
Bill Haskell writes Population Growth Outcomes
Robert Vienneau writes Books After Marx
Joel Eissenberg writes Undocumented labor: solutions, not scapegoating
| She has a cockamamie scheme to boost the economy. |
good video Mike.
Thanks for the updates Mike. Was able to take profits before that little late day selloff. Ready for upcoming buying opportunities
maybe if the loans were really long and people had really low payments lmao i just read the Japanese government had 99 year home loans
It's still household debt, family debt. The longer it is run out, the more interest is transferred from households and consumers to banking profits. (And okay, they pay some employees and it circulates a little bit.)
Funding infrastructure (if it's real infrastructure and not the creation of artificial 'woke' jobs for radical marxists to micromanage the working class), that creates meaningful permanent good.
Cuts to Social security tax can put $50 to $100 or more directly into take-home pay every week.
I don't have an analysis, but it would be in line with the vision of Calvin Coolidge if the standard deduction on federal income taxes was $60,000 or even higher. You wouldn't even need to file except a tax return.
The govt doesn't need to confiscate and destroy a large portion of people's incomes, unless consumers are "too rich" and have too much income such that overall demand outstrips overall supply and the envelope of potential supply, such that the inevitable result would be supply shock inflation or demand driven inflation. (In other words, if supply was maxed out but demand kept growing, especially of basic goods like energy, then the market is effectively bidding up prices of that which is available.)
* I should also mention, some people must be terrified that Americans have far too much savings, because our net savings is largely stored in T-bonds, and people don't realize they are calling to reduce our private savings because we call such savings "national debt".
That's as if Federal liabilities have no connection to private Financial assets, when in reality it's the same numbers recorded on different columns of the same spreadsheet.
My mom was a accountant for 20 years, still don't understand those lol.
Haven't touched accounting in 40 years but it's pretty simple. Everything is recorded twice. Debit column records what you got. Credit records where it came from. Say for example you own a $500,000 building with a $400,000 mortgage. You'd show a debit balance under your buildings (asset) column of 500,000, a credit under mortgage (liability) for 400,000, and a credit for the owners equity at 100,000. Your debit and credit columns should total the the same amount.
The GI bill educated the engineers that put a man on the moon. Today only the rich ( not necessarily the smartest) can get an education without loading up on debt.
A++++ Mike 🎉
It’s not easy taking investment advice from someone who thinks 1969 was 65 years ago.
Fiscal flows have no effect on NGDP if: 1. They're expected. If so, they're already priced in. 2. They're offset by Fed action, which they usually are, when they actually represent news. There is no basis for MMT and that's why you're not on here daily showing us charts of the tight relationships between these fiscal flows you mention and correlates of changes in economic growth expectations. You just claim markets are wrong to react to Fed news, which actually represents cause and effect data.
Where are your charts?
Thanks Mike, using MMT, never made greater returns, thanks again.
If John Layfield comes after you I will personally stand in front of you and defend you!
Brilliant
MW has blacker roots than kunta kinte