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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.18-0.5%Oct 31 5:00 PM EST
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To: TobagoJack who wrote (158095)5/23/2020 5:02:02 PM
From: marcher2 Recommendations

Recommended By
bruiser98
Sawdusty

  Read Replies (3) of 217516
 
i was surprised by fed chair powell's recent comment suggesting he would print as much as needed
during the current crisis. i know this is an old theme for us. however, now there's increasing talk
about modern monetary theory, so i began watching a vid of stephanie kelton:
youtube.com

kelton seems to suggest that poverty and low wages is a political decision and not really a
economic necessity, as believed within the u.s.. kelton says that managing one's family budget
(and it's real need for restraint) is not similar to managing the u.s. federal 'budget', as the u.s.
has control of its fiat currency and, subsequently, 'restraint' concerns are insignificant. related
to this, she seems to say that inflation is not a danger, as it is easily controlled.
this is sort of a wake-up/shake my head perspective, for me anyhow. so, i'm wondering if any of
the Hmmmmm vids address/criticize/evaluate modern monetary theory.

i'm interested in thread member comments and references, as well.
also curious about whether/how the PRC applies modern monetary theory within china.
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