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The unthinkable is now the default path forward

The experts agree
We're going Full MMT
So start buying gold


Mauldin Economics on the prestigious Camp Kotok economic gathering:
There was an open “debate” about MMT or Modern Monetary Theory. Brilliant young man economist Sam Rines took the difficult position of being pro-MMT for the sake of debate. He thinks it would be a disaster but is truly afraid we will actually pursue such a policy. There was the usual pushback, which I’ve written about more than once, but I have to admit that I was struck by the private conversations after the debate. Many smart, well-informed thinkers were almost resigned to seeing MMT actually attempted in the next decade.

Loretta Mester

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... is an anagram of T-Rate Molester.

Democracy is not for me

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This is why democracy doesn't work. Neither the elected representatives nor the voters have any idea what they're talking about. People just vote for sound bites that make them feel good.




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Emoluments

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Is Treasury Secretary Steven Mnuchin abusing his position to dominate the Ramen industry?

Greenspan's Body Count: Connie Woolweaver

Alabama:
A Shelby County husband and father has been found guilty in the slaying of his longtime friend who was shot multiple times in the stairwell of her Highland Lakes home in 2016 and found dead by her young son.

After only one hour of deliberation Tuesday, the jury convicted 39-year-old Adam Michael Burrus in the murder of Connie Woolweaver, a beloved mother of two. Investigators found nine shell casings and eight bullet fragments near her body and said one of the shots entered through the back of her head and exited through her eye.

Woolweaver, according to testimony, had loaned Burrus a total of $176,000 and was calling in those loans. A week before her death, Woolweaver text messaged a friend, saying she was not going to talk with Burrus until he repaid her. Burrus had repaid her about $47,000, of which $43,000 was borrowed from a bank.

Shelby County authorities earlier this year indicted Burrus on mortgage fraud. It is not clear if that indictment is related to the $43,000 loa…

Notre Dame

This is the worst restoration job since Ecce Mono.

Poetic Justice

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