An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
do you think anyone involved in that video understands MMT?
Probably not but they recognize political corruption. This is about political corruption through the influence of moneyed interests, and this relates to MMT indirectly through Minsky and financial instability.
I view the Kochs as "true believers". And unfortunately they have a lot of money.I think they co-opted the Tea Party by buying them out so to speak. So as long as the kochs are involved in the Tea Party, the Tea Party is toast.Tom has posted a link from Jesse Ventura (Independent) that is a must read here:link_http://weaintgottimetobleed.com/this guy gets it... there are a lot of people out there that feel this way... F (forget;) the Tea Party, it is captured.Resp,
Here's another for the files.The Economic Elite Vs. The People of the United States of America – Part IThe MMT subtext is disappearing middle class effective demand, other than through increasing indebtedness, which is the objective of financialization and rent-seeking rather than distributing gains from increasing productivity. This results in an unstable society.
Matt, did you ever catch the conspiracy theory episode where jesse blasts wall street? It was pretty on target as far as MMT's criticisms of wall street excesses and corruption. He interviewed bill black and ron paul.
JC,I never saw his show but I'm going to try to catch that one. Ive lost track of Ventura ever since his term as governor ended. He has some very good points but I hope he doesnt go overboard with it. I hope he stays "legit". there is another conspiracy theory guy named Alex Jones who also has Ron Paul on his show and that guy (Jones) is way over the top. Selling survival items, gold, 9/11/01 conspiracies, etc.... I'd hate to see Ventura marginalize himself like that...Resp,
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