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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: marcher who wrote (194333)	12/1/2022 8:19:04 PM
From: Maurice Winn	1 Recommendation Recommended By Pogeu Mahone Read Replies (1) \| Respond to of 217792

That's MMT bullshit. Income inequality in the United States is suppressing growth in aggregate demand (spending by households, businesses, and governments) by shifting an ever larger share of income to rich households that save rather than spend. Rich people who don't spend money in the bank lend it to people who do spend. I buy tons less than I used to coz I'm old and lazy and got enough stuff. If I have loads of things, taking them from me to give to other people won't "increase aggregate demand ". Stupid envy-driven chimpoid robbery will reduce aggregate demand and a lot more besides. See Zimbabwe, USSR, Mao's maelstrom, and anywhere else that tried it. MMT = magic money tree theory. Mqurice