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.
bob, dont blame the currency, blame the evil government that wages the war. read smedley butlers "war is a racket" you dont suppose our government could find something more constructive to do with our fiat currency? how about single payer?
Right. Everything has its advantages and disadvantages.
Ironically, the first person of note that Warren Mosler explained MMT to was not other than Donald Rumsfeld. Rumsfeld sent him to Art Laffer/ While at Laffer's shop, Warren wrote up "Soft Currency Economics." So we know that some people get it.
3 comments:
Thank goodness for fiat funny money to fund the war. Otherwise, the government would be "constrained" and that would be such a catastrophe.
bob, dont blame the currency, blame the evil government that wages the war. read smedley butlers "war is a racket" you dont suppose our government could find something more constructive to do with our fiat currency? how about single payer?
@ Bob
Right. Everything has its advantages and disadvantages.
Ironically, the first person of note that Warren Mosler explained MMT to was not other than Donald Rumsfeld. Rumsfeld sent him to Art Laffer/ While at Laffer's shop, Warren wrote up "Soft Currency Economics." So we know that some people get it.
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