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Modern Monetary Madness Will Lead To Higher Taxes and Inflation

Summary:
– MMT: Modern monetary madness and pet economists– Can this really be a thing? Actually printing money as an economic policy?– Begin structuring portfolios and lives to avoid being in a tunnel with an oncoming train by John Mauldin via Mauldin Economics More than 10 years ago some Australian readers begin regaling me with the ideas of economist Bill Mitchell of the University of Newcastle in New South Wales. He was teaching about something he called (and he coined the term) Modern Monetary Theory. I looked into it and fairly quickly dismissed it as silly. Actually printing money as an economic policy? Get serious. MMT is a revival of an early 1900s idea called chartalism. Now it is influencing the thinking of new socialist-like movements in the US and other places

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– MMT: Modern monetary madness and pet economists
– Can this really be a thing? Actually printing money as an economic policy?
– Begin structuring portfolios and lives to avoid being in a tunnel with an oncoming train

by John Mauldin via Mauldin Economics

More than 10 years ago some Australian readers begin regaling me with the ideas of economist Bill Mitchell of the University of Newcastle in New South Wales. He was teaching about something he called (and he coined the term) Modern Monetary Theory. I looked into it and fairly quickly dismissed it as silly.

Actually printing money as an economic policy? Get serious.

Modern Monetary Madness Will Lead To Higher Taxes and Inflation

MMT is a revival of an early 1900s idea called chartalism. Now it is influencing the thinking of new socialist-like movements in the US and other places and cited by politicians. MMT is increasingly appearing in mainstream media like this sobering Financial Times article.

Since it is increasingly discussed in more public venues, you should know more about it and that will be today’s topic.

Click here to read full story on GoldCore.com.

Modern Monetary Madness Will Lead To Higher Taxes and Inflation

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