Demystifying Modern Monetary Theory

Here’s a little something to perhaps stimulate the Postgraduate Babypipper ?

A little Keynesian in it’s way perhaps ? A little Rowbotham (Grip of death) ?

There are those who reckon to trade some of the principles which often flatly contradict “Classical Economics”

I don’t know much about it as yet - but it’s been clear since I was a student that there are great big holes in “Economics” which this may go some way to correcting.

Have a root about lads and ladesses - lets bottom it together and see if we can make it tradeable ?

https://www.youtube.com/watch?v=YnyDRwSqp2E

simpler view ?

https://www.youtube.com/watch?v=kHjUguFzkUs

USA
https://www.youtube.com/watch?v=92KY7iTcNLY

I’m just an old Kiss person, basically I trade the majors and watch the USD index like a hawk.

Everything else’s except maybe oil just is to cumbersome to my brain.

Here’s a great explanation of the concept - Apparently Keynes forecast the German Hyper-inflation had to happen because of war reparations.

I still struggle a bit with the concept that you shouldn’t spend tax - income, but rather “Burn it” and I wasn’t aware that Uk Parliament actually WAS burned down way back because the clerks were burning “Tally sticks”

I do have to say that his ideas on Bitcoin, the Euro and the rush to become “European” - do coincide with what I have already stated on these boards - So if a principle is right on so many fronts, it has credibility on it’s side ! :wink:

Basic explanation of MMT

Takes a bit of getting your head around - Here’s a short one ;

https://www.youtube.com/watch?v=t-o510T5jwM