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.

8.16.2019

Loretta Mester



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

8.07.2019

Democracy is not for me

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.




link

Ric Edelman is wrong on Roth 401(k)s and dollar-cost-averaging withdrawals

I'm a huge Ric Edelman fan. I'm a regular listener of his radio show and believe he's made a huge positive contribution to the f...