Thursday, September 5, 2019

Learn Economics Topic Twenty Three

23. Modern Monetary Theory (MMT):

Modern Monetary Theory and Its Bad Assumptions

Modern Monetary Theory, or MMT, makes assumptions that are simply not valid. Modification is in order.

Is the Fusion of MMT and the Green New Deal Creating a Cult?

The fusion of MMT with the Green New Deal compels followers of both to seek changes that will trample the rights of many.

Fed Will Crush Trumponomics and MMT--Bond Yields Capped

The Fed deals with Trump spending mania on the right (Trumponomics), and will do so if necessary, with Modern Monetary Theory (MMT) wanting to spend to oblivion on the far left.


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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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