Wednesday, May 8, 2019

Learn Economics Topic Six

6. New Normal and Economic Theory:

Before I get into John Mauldin's timely comments about this sorry state of affairs, we can look to see if monetary theory still applies. John Maynard Keynes was right about monetary theory in his time. But that was then and this is now.

M is not broad money, and doesn't get into the real economy. Coppola believes asset inflation, as a way of increasing M in the equation, is futile. But there may be another way that an increase in M could help.

Timid Fed and Jeremy Stein and Potholes

Society would be better off appointing a central banker who cares less about the bond market.

Trumponomics: Increase Exports, Slow Imports, Bludgeon the New Normal

Unless we are prepared to cut wages, housing costs and the cost of living to the bone, it makes no sense for us to try to make things that others can make more cheaply.

Trump Tax Cuts and Yellen's New Normal

This discussion will get to trump's tax cuts and how they fit in with the present day financial situation. But first it is necessary to report on Janet Yellen.


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While I have supported some economic policy, it turns out that racism was a strong motivator for some of those policies. I oppose racism in all forms and prove my commitment by rejecting anything other than the Westphalia or Westfalia view of sovereignty, which is mutual respect for all nations by all other nations. 

Perverse sovereignty is as bad or even worse than excesses in globalization which gives banks power over governments. Both are ultimately bad for America. This blogger supports free trade and opposes a border tax. But government should be stronger in order to rein in big banks who abuse the people with toxic loans.

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