MMT’s ideas have insinuated themselves deep into government, central banking and even Wall Street – “Modern Monetary Theory Isn’t The Future. It’s Here Now” [SUBCRIPTION REQUIRED], James Mackintosh, The Wall Street Journal, November 22 The current fad in economics is…
I went to one who had the reputation of wisdom, and observed to him – his name I need not mention; he was a politician whom I selected for examination – and the result was as follows: When I began to talk with…
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Yesterday, the Federal Reserve decided to keep the federal funds rate at 0.25%-0.50%. Since then, markets have soared as investors celebrate the continuation of easy money. However, the Fed also fairly clearly telegraphed a rate rise on December 14th. In…
NOTE: Every week or two I wrote a Client Note for my clients. I post most but not all of the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the…