Re:SVB Depositors, Investors Tried to Pull $42B Thursday
by kevin_thibedeau on Saturday March 11, 2023 @11:20AM
(#35109678)
The experts are the ones who engineered decades of low interest rates so their buddies can get cheap loans and play financial games with the economy. They've never been trustworthy.
Re:SVB Depositors, Investors Tried to Pull $42B Thursday
by eru on Saturday March 11, 2023 @10:07PM
(#35116048)
MMT is both novel and correct. The problem is that the novel parts aren't correct, and the correct parts aren't novel.
Have a look at https://www.econlib.org/library/Columns/y2021/Sumnermodernmo... for MMT.
I suggest having a look at market monetarism. See eg https://marketmonetarist.com/2015/07/14/the-euro-a-monetary-...
What kind of orthodox economy theory have you had a look at?
And then like 5 years ago, i learn about MMT, read about it, disagree on some points, but it overall make much, much more sense and si way closer to reality than Friedman theories to me. It seems like macroeconomics do follow the stuff i learned when i wanted to become a quantitative analyst or whatever (i only wanted to do math tbh, and didn't follow finance classes that much).
And then during Covid we have all those "expert" economists who start to talk everywhere. But now, i am sure they are talking out of their own asses. They had now idea of what production is. The simple idea that production is linked with energy is novel for them. They probably are useful, like sociologists are useful, but i'd like to hear them on medias as much as i hear sociologists. Or even less, since i do think sociologists have real-world application to their thesis, for harm reduction during stampede. Let's say as much as medievalists historians.