Modern Monetary Theory is akin to belief in Unicorns…

4 Jan

More on the Madness of Modern Monetary Theory

MMT in a nutshell.  MMT gets it all backwards… as if it’s money that wags the dog.  It is very much not so, especially now in a world of diminishing real resources (the things that go into “goods”).  Mike might as well have said, “Printing Yen equates to printing a greater supply of oil and rare earth metals” because this is apparently what he believes…

Meanwhile – in the “Land of the Rising Sun”….

If Japan can never pay off its debt, what will happen with the US….

Peak Prosperity

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