Black Monday

[winner69]

Aaron me old mate, you might enjoy this piece by David McWilliams

Hpw the super league fiasco signals the end of neoliberalism


A 30-year economic supercycle ended this week
http://www.davidmcwilliams.ie/a-30-y...ded-this-week/

All ideologies contain the seeds of their own destruction: inequality ultimately did for neoliberalism in the West. We are on a new course.

[Biscuit]

Aaron me old mate, you might enjoy this piece by David McWilliams

Hpw the super league fiasco signals the end of neoliberalism


A 30-year economic supercycle ended this week
http://www.davidmcwilliams.ie/a-30-y...ded-this-week/

All ideologies contain the seeds of their own destruction: inequality ultimately did for neoliberalism in the West. We are on a new course.

"....Rather, MMT argues that we simply print it (money). Spend first and tax later, as opposed to taxing first and spending later...."

There are of course multiple problems with that approach, the principle one being that it is politically easier to spend than to tax.

[jonu]

"....Rather, MMT argues that we simply print it (money). Spend first and tax later, as opposed to taxing first and spending later...."

There are of course multiple problems with that approach, the principle one being that it is politically easier to spend than to tax.

The biggest problem with MMT will be the collapse in confidence of Fiat currencies and at some point high or even hyper inflation.

[Aaron]

Aaron me old mate, you might enjoy this piece by David McWilliams

Hpw the super league fiasco signals the end of neoliberalism


A 30-year economic supercycle ended this week
http://www.davidmcwilliams.ie/a-30-y...ded-this-week/

All ideologies contain the seeds of their own destruction: inequality ultimately did for neoliberalism in the West. We are on a new course.

I don't see MMT being any different to what we have now with low interest rates and easy money except it is currently going to the owners of capital. Whereas MMT will give the money to governments to throw around and buy elections.

You would have to say interest rates and monetary policy are getting to extremes (I could be wrong years from now but based on the past it seems extreme)

The problem remains the same no constraint on money supply. Something for nothing just like the gift inflation is to borrowers money printing works much the same way.

A sound stable currency might be a good thing for the average person. Imagine a world where if you worked hard and saved you could get ahead (not possible now with rampant housing inflation). What if productivity gains and more efficient business practices were allowed to cause deflation and the cost of living for everyone went down instead of up. Imagine young people being able to afford an education AND a house and family. Having it all, just like the generations before them.

But no we have a continuation of trickle down economics. Sadly european soccer fans can understand when they are getting shaken down but young people in NZ remain ignorant to the fact that they are likely to be poorer, be less healthy and have shorter lives than the previous generation. Unless of course Mum & Dad have done alright, then they are likely to be much better off than their peers.

[bull....]

dodge coin on fire. this value play lol has been under - rated by the market for a long time. even my uni son brought it in the cents as a laugh with his friends. guess they are laughing now.
dont worry the fed has our backs and in this current environment the biggest gamblers are the most rewarded.

dodge on fire . the future is dodge some would say lol remember dont be greedy

[Nor]

Isn't MMT the same thing as Social Credit's funny money?

[Gerald]

Isn't MMT the same thing as Social Credit's funny money?

MMT still has debt on one side of the balance sheet, while CL's social credit is just the RB printing money & giving to the government with no liability to repay.

[Nor]

MMT still has debt on one side of the balance sheet, while CL's social credit is just the RB printing money & giving to the government with no liability to repay.

Ah. But then they monetise the debt? I was reading a little while ago that the Bank of England had already done that recently in a devious way.

[Habits]

US Fed second Qtr gdp growth forecast 13pct annualised.

Companies are reporting first qtr sales and earnings growth well above analysts forecasts.

Wow

[bull....]

dodge on fire up another 50% since this morning ..... people are seeing the light lol bye the way musk speaking later might send it to the moon lol.

gotta ask yourself do ya feel lucky , well do ya punk

11000% return in 2021