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
