8.19.2019

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.

1 comment:

Chuck Pergiel said...

I followed the link.

"Yes, but I think we are all beginning to realize Chinese leaders are not our friends."

John Mauldin hasn't been paying attention.

Gavin Newsom's executive order contradicts his public statements

Gavin Newsom's insane new executive order commands Californians to stay in their homes "until further notice" "except as...