We won!! Modern Monetary Theory (MMT) got everything right...EVERYTHING!!

[firstbahamas]

That is idiotic.

Rates did not go down they were "taken down" artificially by the FED to transfer income from retirees and savers towards re-capitalizing the losing banks. This is the same FED that created artificial growth and the biggest bubble in history. Notice that MMT is called a "theory"

The debt exist it's simply not showing in the nominal money mirage it's hiding in production deficit VS that money. 

[stripe64]

lol, you should be a comedian Mike

[ottersmacker]

good job sticking with it, even though the schiff-hypnotized hyperinflation hyperventilators seem to be hating. it's understandable i guess - people are used to thinking about budgets as household/business budgets and thus some of MMT appears counter-intuitive at first.

happy holidays

[mortgageangel9]

NICE!

[ltmikepowell]

Modern Monetary Mechanics is base on fractional reserve banking system that CAUSES inflation. And it's the peoples that suffer from this inflation, which technically a hidden tax.

Someone please blow this guy's head to shred. For once, I don't mind JP Morgan or Bank of America to blow up a person's head.

[maozebong100]

@ltmikepowell Go home, shill, go home

[ltmikepowell]

@maozebong100 How much you just spent on those government bailout?

Modern Money Mechanics IS inflationary and hurts the savers and middle-class society. Shortly say, it's one big Ponzi Scheme that existed for 100 years (Federal Reserves System).

Don't get out-of-touch too much, or the reality of the system will consume those who once refuse to accept reality ALIVE.

[maozebong100]

@ltmikepowell You've been watching Schiff too much. There's no hyperinflation, China backs our treasury with trillions, you simple lack basic understanding

[ltmikepowell]

@maozebong100 What happen if China announce that they will stop purchase U.S. bonds?

Just watch when the U.S. national debt breached 17 to 18 trillions or more. That time better expect those creditor nations to react about their debt loan that won't repay. Even banks don't like their money been loan out without got the payment back.

By the way, there are more free market economists out there. Max Keiser, Jim Rogers are a few of them.

[maozebong100]

@ltmikepowell Why would China stop? America is its biggest trading partner in the world. It's nonsense.

I watch Keiser and the loons just as much as any other side. I agree the deficit needs to be fixed. There's plenty ways to do so... not just run off to the gold standard and cross our fingers for market equilibrium

[ltmikepowell]

@maozebong100 Free market is where peoples has their choice to choose their traders and their products. Unfortunately, that's not the case in U.S. economy for past 20 years or so.

The more China buy the U.S. bond which is decreasing in value, the more their assets will be threaten, and not to forget the inflation that Federal Reserves to China and the world market.

[maozebong100]

@ltmikepowell People already have the choice to choose their products...?

And there's no reason to think it's deceasing in value, either. Unless you can point me to something. And there's no apparent hyperinflation.

Hey, isn't the Schiff Report on?

[ltmikepowell]

@maozebong100 There are two things that may make China to react, either it's ballooning national debt or the devalue of U.S. currency (inflation follows).

Hyperinflation will hit U.S. if the world market lose their faith on U.S. Dollars. And remember, there TRILLIONS of dollars held by the foreign creditors. If those money come back to U.S., be prepare for empty store shelves near you in one single day.

[ltmikepowell]

@maozebong100 By the way, market itself got three enemies, manipulation from government, bankers and corporations. These three will disrupt the peoples' will and choice.

[dfg93353]

@mikeydoggy can you make a collection of videos, maybe animations to explain MMT to the ignorant.

[sparc5]

@dfg93353 I made a MMT animation on YouTube, look for "debt and deficit in a nutshell"

[XESTISS]

Congratulation to all MMTers job well done.

[MrPolarbearish]

What a joke.

[malumalumalu]

MMT is garbage just like your archaic Keynesian mentality. Interest rates are going down because of worries in Europe- flight to "quality". Inflation has picked up after QE and will continue to move towards hyperinflation. Deficits are up because Europe is still being bailed out...they wouldve been higher if not for austerity.

[sternumagnum]

@malumalumalu ROFLMAO - you do weddings?

[Minethis1]

@sternumagnum hahahahaha! Excellent!

[sparc5]

@malumalumalu You can invent any reason you want for interest rates, it doesn't make it true. Read interest rates and fiscal sustainability by scott fullwiler for the verifiable nitty gritty on how the fed funds rate is set.

Inflation is at historic lows, but I agree with you QE caused a bit but not for the same reason you think.  People THINKING its inflationary bought up commodities pushing up the prices of the them.

[tyronebiggums3]

LOL