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.
Is it just me, or does Mike look like he smoking a spliff on that youtube still on the top left of the homepage?"hffffffft...yep...the gold standard is....ggcchhh....dumb dude...hooooooooooh"
Pete,Mike talking while high would still be more edifying than listening to the stone-cold-sober morons ... ;)
Mike talking while high would still be more edifying than listening to the stone-cold-sober morons ... ;)It depends on which morons you're talking about.
so it appears to me in slide 6/8 that recession only occur while the private sector is accumulating a surplus. But recessions only end when the private sector is shedding the current surplus it received. Or to say, a good economy is when the private sector spends more than it's income. Certainly not what most would envision.
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