AceDesSpades
Ramblin'Gamblin'Man
- Joined
- Feb 5, 2023
- Posts
- 4,734
In which government hides the theft of my wealth? Your wealth. Our wealth.
“They’ve run out of road with fiat currency. We had Bretton Woods and we went off the gold standard and that kept us going for about 50 years. Now, we’re at the end of the road and we got to create this new bit of sophistry called Modern Monetary Theory. And you know, the core of Modern Monetary Theory is when inflation gets high, Congress will stop spending. Can you imagine the politics of stop spending? You know, why, why do we even have a central bank?”
Scott Bessent, Key Square Group CEO
After the inevitable collapse,
a new government
a "people's"
MMT was always, The Emperor's New Clothes
The rational antidote is Austrian.
https://amgreatness.com/2024/11/15/...ry-is-neither-modern-nor-monetary-nor-theory/
“They’ve run out of road with fiat currency. We had Bretton Woods and we went off the gold standard and that kept us going for about 50 years. Now, we’re at the end of the road and we got to create this new bit of sophistry called Modern Monetary Theory. And you know, the core of Modern Monetary Theory is when inflation gets high, Congress will stop spending. Can you imagine the politics of stop spending? You know, why, why do we even have a central bank?”
Scott Bessent, Key Square Group CEO
After the inevitable collapse,
a new government
a "people's"
MMT was always, The Emperor's New Clothes
The rational antidote is Austrian.
https://amgreatness.com/2024/11/15/...ry-is-neither-modern-nor-monetary-nor-theory/