Home » Posts tagged 'modern monetary theory' (Page 2)
Tag Archives: modern monetary theory
Lacy Hunt Blasts MMT and Speaks of Hyperinflation If Implemented
Lacy Hunt Blasts MMT and Speaks of Hyperinflation If Implemented In the Hoisington First Quarter Review, Lacy Hunt blasts MMT as “self-perpetuating” inflation. Please consider the Hoisington Investment Quarterly Outlook for the first quarter of 2019. MMT Leads to Hyperinflation Under existing statutes, Fed liabilities, which they can create without limits, are not permitted to be used […]
David Rosenberg: Fed Will Embrace ‘Helicopter Money’ In The Next Few Years
David Rosenberg: Fed Will Embrace ‘Helicopter Money’ In The Next Few Years Jerome Powell has denounced MMT has “just wrong”, but many Wall Street luminaries have surprisingly communicated an openness to the proposal. Most recently Ray Dalio proposed a marriage of monetary and fiscal policy that sounded suspiciously similar to MMT. Bill Gross, once a vocal critic […]
MMT Is a Recipe for Revolution
MMT Is a Recipe for Revolution Historian Stephen Mihm recently argued that based on his reading of the monetary system of colonial Massachusetts, modern monetary theory (MMT), which he cheekily referred to as PMT (Puritan monetary theory), “worked — up to a point.” One can forgive him for misunderstanding America’s colonial monetary system, which was so much […]
The Problem With Modern Monetary Theory
THE PROBLEM WITH MODERN MONETARY THEORY According to the Modern Money Theory (MMT), money is a thing that the State decides upon. Following the ideas of the German economist, Georg Knapp, the MMT simply regards money as a token. For instance, when an individual places a coat in the cloakroom of a theatre, he receives […]
The Real Problem With Modern Monetary Theory
The Real Problem With Modern Monetary Theory MMT supporters will point to 2008 and say, “Just look at QE. In 2008, the Federal Reserve Balance sheet was $800 billion. But as a result of QE1, QE2, and QE3, that number went to $4.5 trillion. And the world didn’t end. To the contrary, the stock market […]
A Major Bank Capitulates: “This May Be The Time For Helicopter Money Drops”
A Major Bank Capitulates: “This May Be The Time For Helicopter Money Drops” Long before the Fed was humiliated into reversing its hawkish rate hike policy in January and then again in March, we published – back in June 2015 – “The Blindingly Simple Reason Why The Fed Is About To Engage In Policy Error“, […]
Economic Theories & Debt Driven Realities
Economic Theories & Debt Driven Realities One of the most highly debated topics over the past few months has been the rise of Modern Monetary Theory (MMT). The economic theory has been around for quite some time but was shoved into prominence recently by Congressional Representative Alexandria Ocasio-Cortez’s “New Green Deal” which is heavily dependent on massive […]
Weekly Commentary: Dudley on Debt and MMT
Weekly Commentary: Dudley on Debt and MMT December’s market instability and resulting Fed capitulation to the marketplace continue to reverberate. At this point, markets basically assume the Fed is well into the process of terminating policy normalization. Only a couple of months since completing its almost $3.0 TN stimulus program, markets now expect the ECB […]
Weekly Commentary: Dudley on Debt and MMT
Weekly Commentary: Dudley on Debt and MMT December’s market instability and resulting Fed capitulation to the marketplace continue to reverberate. At this point, markets basically assume the Fed is well into the process of terminating policy normalization. Only a couple of months since completing its almost $3.0 TN stimulus program, markets now expect the ECB […]
But We Need the Eggs
But We Need the Eggs ALVY SINGER: This guy goes to a psychiatrist and says, “Doc, my brother’s crazy; he thinks he’s a chicken.” And the doctor says, “Well, why don’t you turn him in?” The guy says, “I would, but I need the eggs.” Well, I guess that’s pretty much how I feel about […]
New Monetary Theory is Like Sleepwalking
New Monetary Theory is Like Sleepwalking QUESTION: Bernie Sanders was basing his whole economic proposal to just keep spending and make everything free. They seem to be teaching this in school now. This macroeconomic theory whereby a country’s spending is only constrained not by revenue in taxes but by inflation when it creates a sovereign currency. […]
‘Modern Monetary Theory’ Is a Joke That’s Not Funny
‘Modern Monetary Theory’ Is a Joke That’s Not Funny Yes, a government that issues its own currency can pay its bills. But piling up debt for no urgent reason is lunacy. There’s a theory behind it. Photographer: Eva Hambach/AFP/Getty Images If you follow the debates over U.S. economic policy, you had probably heard of […]
Don’t Be So Sure Hyperinflation Can’t Hit the U.S.
Don’t Be So Sure Hyperinflation Can’t Hit the U.S. Some progressives back piling on even more debt to pay for social programs. That could be risky. Marking time. Photographer: Ramin Talaie/Getty Images North America Discussions of big government spending programs often revolve around the question of how to pay for them. For example, Representative Alexandria […]
How mainstream economics has led to clueless governments
How mainstream economics has led to clueless governments It’s time to consider a better economic plan (Image edited by Dan Jensen) Governments of all stripes base their policies on mainstream economics. Powerful challenges to the mainstream, especially from ecological economics and modern monetary theory, explain why we are in a hole and can’t seem to […]
