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Are tax drains now good and net transfers bad?
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Are tax drains now good and net transfers bad?
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Mike Norman considers the following as important:
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| Are tax drains now good and net transfers bad? |
Right on Mike! Do you play golf?
You are great and deserve the subscribers! Congratulations!!
mike – I've been following you for YEARS like DECADES now – I'm sorry but I don't understand what you are talking about here with the tax drains and the bilge pump. Can you just state what you're saying directly? Are you trying to say that tax drains in the private sector would NOT make the market more bearish for some reason? And if so why would that be related to the debt ceiling in place? If anything doesn't it make everything more bearish overall because with less public funds flowing from the debt ceiling cap PLUS tax drains – that's bearish. right? Is that what you're saying? What is the bilge pump? Thanks bud
Mike Watch WOLFSPEED Stock Is A Buy
The game of politics has got to be more than gangster opportunism. The purpose is to determine who is best to serve the People of the Nation – not to serve yourself.
Only way to balance budget is to get rid of Social Security. Its just simply math. There are only 3 workers for every retiree. Or the Boomers can keep doing what they have always done, bone the generations behind them on their way out . Hey its only our civilization at stake.
The greatest country in the world???
❤
For over 100 years both parties of Congress have sold this country down the river. Donor money, campaign contributions and special interest monies dictate our future.
It is a proposterous claim, indeed.
The US is the sole sovereign issuer of the USD. The USD is the main reserve currency of the world, and when government bonds/t-bills are sold, they are bought by people who invest in the US.
At this point MAGAs are so far down the rabbit hole they are simply useless idiots to foreign agents of chaos. Very little critical thinking.
Mike, what is your opinion on all the gold bugs and gold shilling? Do they have a point?
You say that banks are at their regulatory limit. Has this prevented them from lending recently, and a tax drain would allow them to lend again, which is bullish? Have you actually confirmed this decline in lending in the banking data?
You are persuasive: I have one quick question if you ahve time… IS there any constant? What is reality in a world of print all you like, no need to borrow, sell bonds, etc… we all print and print. Where doe the rubber meet the road?
A constant ? , , the rich get richer and the poor get poorer.
Serious question for those who understand MMT: if Treasury General Account is replenished only by raising debt, then isn't the main function of Treasuries to borrow money (and not only to drain reserves in the system)? If the Treasury General Account isn't sufficient to meet the government's spending needs, what do they do? Would they simply try to borrow more money? Thanks
Cheers Mike
Great video Mike!
Clap for the influencer you f.kin seals🤣🤣🤣🤣
Mike, I am dissapointed. I cannot, in good intellectual conscience, continue to subscribe to your channel and listen to what you have to say. Despite sparking an interest in MMT economics, and believing there is merit there, I have lost faith that you are the correct person to educate me on the topic.
I cannot trust in the intellectual honesty of someone who, after all this, continues to support Trump. "You can have a weak pick" is not a good enough excuse. I believe it's a intellectual and moral failing to continue to support him and it's eroded my sense of trust in you, that you truly do know what's going on with the OTHER topics you cover.
I hold no vitriol or animosity towards you, but I am no longer subscribed, and will look to continue to learn about MMT elsewhere for now.
Please go.
@mikeydoggy I find you insightful and self reflective. I'll check in on your channel from time to time to see if you've reflected on your position enough to have changed it.
Mike going through EF Huuton training, two friends that did too, were at Cantor Fitzgerald and were murdered on the 105 th floor along with over 200 of their employees. I'm Godfather to one f amily children, now adults in Connecticut.