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Totally disagree. The man is crazy. if he did those things would you think he was suddenly cured of his mental illness; that he was suddenly sane? No Way! There are only two ways to handle this dire situation. Either SDNY has to do it, or we have to do it at the ballot box in 2020. In the...

I like the back and forth between to well-informed parties here. Sle and Srinir. Thank you guys. What we see manifest in this dialog is that what makes good sense on paper may run headlong into our human nature. When that happens only our intellect and education can bail us out. And that...

Well, it seems you've hit on a hurdle that the MMT economists may have yet to get over. Shall we now defer to the "Behavioral" economists? I try to read Bill Mitchell's blog as regularly as possible. If I understood correctly, the MMT boys (and Girls) will soon be coming out with a basic...

China is NOT done. Oil is NOT collapsing. Both these statements are gross overstatements. Traders who make money jumping in and out of the market, particularly day trading, are not trading the economy, they are trading against other traders based on the mechanics and psychology of trading ...

There is a certain largesse, both required and expected, when dealing with long-standing trading partners when your currency is the reserve currency. I sense that we are losing sight of that and to an alarming degree . Current U.S. Policy in regard to trusted trading partners seems to be more...

I say for every rapist Mexico sends us, we should deport to Mexico one person whose brain malfunctions in the same way Scat's does, starting with Scat.

Everyone already knows Trump is a criminal. The only thing that could affect markets is if Trump is arrested , steps down, resigns or is indicted. Then the market would go up temporarily in anticipation of a little more stability, and there would be a national celebration. Then reality would...

All the information we have now suggests its a "crime family." Years of criminal activity with the family aware and participating..

Or said another way. We have no knowledge [yet] of what Mueller has found about any direct communications or money exchanging hands between Russian hacking operatives and either those representing the Trump Campaign or Trump himself. At some point, those of us who are not dead will know if...

You are correct, in that Zimbabwe did lose all that expertise, and most importantly, work ethic! It will be extremely difficult to regain it. They are advertising for people with agricultural experience, but who is going to want to trust the government after they nationalized all the farms? I...

That is exactly, and precisely what was required, but was not done! I wish you had been here to act as a consultant for the school system. They could have saved many thousands.

I used to believe that Zimbabwe's hyperinflation was a result of printing too much money. After studying MMT however I now understand that this is wrong. Hyperinflation was caused by a sudden collapse in productivity. There was too much money printing in proportion to productivity. It was...

This is a good article but a few key points might have been more clearly stated. Fiat money is backed by the issuers productivity. What this means in practical terms is that if the amount of money in circulation increases in disproportion to productivity, inflation may be expected. Or a...

I think that's a first! Does that mean I'm an idiot too?

If you drive around old neighborhoods in new orleans you will find that virtually all the structures built before the levy have their occupied floor levels above sea level. The builders new exactly where sea level was. They added a safety factor and built above that level. These building...

That's about 0.08 inch per year. I'll definitely want to keep that figure in mind when purchasing beach front property.

As a side note: Hyman Minsky's work influenced the development of Modern Money Theory, lately in the news, through one of his students, L. Randall Wray, who has become a singularly important U.S. contributor to MMT. Abba Lerner, another mid 20th century economist, also made important...

The VA is totally SOCIALIST, surely that must concern you!

I understand what you are saying, and I understand the difficulties of fighting an insurance industry that spends a billion of our premium dollars not in our best interests on political contributions and lobbying . What we have now is of course Cartelicare. And Cartelicare is unbelievably...

Did anyone here besides me try to actually read this shit. WTF. The only thing clear to me is that AOC is the focus of some kind of political hit. I don't know much about her, but whoever is behind this crap must be scared as shit of her. Looks like she's going to be the next big thing in...