Comments (2)

  1. Don Braswell says:

    MMT already has a book, and the first 56 pages of the .pdf should be read verbatim at the beginning of every fed meeting…
    the book is:
    This Time is Different: A Panoramic View of Eight Centuries of Financial Crises, by Carmen M. Reinhart and Kenneth S. Rogoff, NBER Working Paper No. 13882 March 2008

  2. Alex Evanochko says:

    “”When I asked him why MMT had so quickly gone viral, he replied: “Politicians have realized that this environment is ripe for anyone promising ‘free stuff’ to a disenchanted electorate and, if as a counterpoint to the promise of ‘free-stuff’ you can also ‘soak the rich’…it plays even better to your audience. The S&P moving back near its peak does nothing for millennials (the generation most susceptible to the siren song of socialism). They are poor, they are angry, they are bitter.””

    When I read this paragraph, I was immediately taken back to the Book “Atlas Shrugged” by Ayn Rand. I can see the rich disappearing into a hidden part of the World far from the crumbling countries of the World who desperately pull at whatever paltry levers of power they have, trying desperately to wrestle some semblance of control and sense out of the disintegrating society that they created…which leaves me wondering what becomes of those who, through no fault of their own, cannot afford to join the exodus from this Stampede of Stupidity… Makes me want to buy a remote island!!!

Leave a Reply

Your email address will not be published. Required fields are marked *