Albert Edwards Says MMT ‘Captured’ Biden, Warns Of Stock ‘Riot’
A few weeks ago, while describing a meeting at the White House between Joe Biden,
A few weeks ago, while describing a meeting at the White House between Joe Biden,
One of the interesting (and somewhat unfortunate) aspects of the increasingly vociferous public debate around
Analysts and, begrudgingly, mainstream economists, seem to be coming around to the notion that fiscal-monetary
“What are the likely structural shifts post-pandemic?”
“Today the range of negative outcomes seems much wider”…
“I will caveat that although I am certain of the denouement, it is possible its date is vastly longer than my career”.
“Monetary madness like we have never seen before”.
Exploring the future of the monetary-fiscal policy nexus.
“From a secular perspective, the only catalyst I can see on the horizon”…
The irony, then, is that Trump, Bernie Sanders and AOC are to a certain extent on the same page…
Brought to you by four people who voted for Trump’s deficit-ballooning tax cut package.
“The government debt and deficits scolds are just plain wrong, in our view.”
“Maybe it will be different this time……not likely.”
Just kidding! Here’s the clip.
“Suddenly we end up with President Bernie Sanders, Vice President AOC, and they appoint Professor Stephanie Kelton as the new Federal Reserve Chairman.”
“If in the coming years politicians adopt MMT policies, your outrage will do your portfolio little good.”
“MMT seems to evoke a visceral gagging reflex from most finance-types.”
There’s good news and bad news. Which do you want first?
“Bulgakov’s cat, Behemoth, played chess and took trams.”
Jeff is not a fan of modern monetary theory.
“Too many pundits look at provocative headlines and chalk up MMT as socialism-disguised-as-economic-theory that needs to be quickly squashed.”
“Investors should contemplate a brave new world”…
“Today’s topic is sure to incite some pretty strong reactions.”
America may lose its last top credit rating. The decision by Moody’s to change its
We need to update, refresh and modernize our systems and thinking. It occurs to me
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