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Thanks, interesting perspective. It strikes me that in some ways much of what you wrote isn't necessarily new or unique to MMT as much as it is a new and unique way of looking at existing ideas. For example, the concept that issuing bonds neutralizes increased money supply isn't new, that's...

Going on the tip of the iceberg theory on how many get caught, there's a shockingly large number of folks making decent money at the bulge bracket banks willing to take the risk on insider trading to not make much more than they were getting in bonuses. Heck, even if the ones getting caught are...

Since you asked! MMT in general is predicated on the idea that "Countries that borrow in their own currency......" I think the biggest problem is that phrase, "borrow in their own currency". Clearly MMT doesn't work for Argentina or Venezuela or Zimbabwe, of course because no-one is willing to...

I think we have to agree up front that words that have well established definitions that have been in place for decades be used in the manner intended. We don't all get to decide our own definition of the word "deflation" in economics. And the definition is "reduction of the general level of...

Um, the Great Depression sure was a swell time. Also happens to be the last time we had significant worldwide deflation. Maybe time to take that macro econ class over....or just plain take it?

I'd broadly agree with you. I might point out that AOC wouldn't exist if Romney or Kasich or even Pence or Cruz was President, and certainly none of what you listed as potential democratic policies would have happened if Clinton was President, except maybe a move away from reliance on fossil...

I run a business, I'm not sure what these "pro growth business friendly policies" are aside from the tax cuts which will come back to bite us without a doubt. All I've seen is a lot of smoke, some action that hurts everyone, then a supposed "save" that puts us right back to where we were before...

If you're willing to run deficits up half a billion dollars a year in a already booming economy with a massive tax cut you can certainly achieve that. Remind me, when did you stop caring about deficits again? :confused:

We'll to be fair he's a founder and holds a huge amount of the company equity and voting share as a result. This is just realpolitik on the part of SoftBank to prevent him from burning them if/when he self immolates. You have to give him something to give up the rights he has earned with his...

Why, out of curiosity?

Everything still applies, you can withdraw funds you incorrectly sent to a regular IRA as well if you do it now with the same caveat regarding profits from those contributions.

So HFT stands for "high frequency trading". There's generally no secret "algorithm" to it, there's expensive microwave links between exchanges (because electromagnetic waves travel faster in air than in fiber) and expensive imbedded programming directly into hardware. It's kind of one of those...

To be fair if the tax cut could be rammed through using reconciliation this probably could to, so the Senate could probably get it done with a simple majority.

If you overcontributed to your Roth IRA you can just take that money out of the IRA as long as you do it now. The only wrinkle would be any gains you made from that money so far this year, which are more complicated and you'll probably end up paying a penalty on them. Once you take the money out...

I know this is just oh so hard for you, but can you iterate the item's I've said that represent "100% hate for Trump"? Best I can tell I asked you the identify the "lie" you said is in "every single" article about Trump. And then asked and asked again when you were, and still are, unable to back...

What they did is the US legal definition of manipulation. Since it's the SECs job to enforce US law in US markets, that's what they did. You may have your own personal definition of manipulation, which is nice and all, but of no relevance here or anywhere but a philosophy discussion.

Bill Clinton, you mean the last President to run a budget surplus, that Bill Clinton?

It's entirely consistent that the guy who didn't realize he was the President of the US Virgin Islands or who apparently doesn't grasp the difference between Russia and the Ukraine in the latest conspiracy theory he's espousing (not the Biden one, there's so many!) wouldn't know the colors of...

Why not short the longest tenor Treasuries you can get, the longer the tenor the more responsive to interest rate no?

I read it....and asked you repeatedly to specifically iterate the "lies" that it contained, as it certainly seemed entirely accurate to me. Your inability to do so says everything that needs to be said about your assertions.