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Showing posts from August, 2019

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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