Tag Archive: MMT

Modern Monetary Theory: Reality check

2023-03-10

I’ve written extensively over the past years about the rise of Modern Monetary Theory (MMT) and all the terrible dangers it entailed from its very birth, not just for our economies, but for our societies too. Although it captured media interest and monopolized a lot of “expert” debates at the time, one wouldn’t be blamed for thinking it was merely a “flash in the pan”, just another crazy idea that the establishment entertained for a while to...

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Ep 52 – Jeff Snider: Solving the Eurodollar Puzzle

2023-01-24

by Monetary Metals

2023-01-24

Jeff Snider, Headmaster of Eurodollar University, joins the podcast to talk about the perverse complexities of the Eurodollar system. What even is a Eurodollar? Why was the system created? Keith and Jeff discuss the Eurodollar market and then give their hot takes in a hilarious lightning round. We hope you enjoy this insightful, whirlwind of an episode!

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Inflation risk takes center stage – Part I of II

2021-05-27

by Claudio Grass

2021-05-27

Over the past couple of weeks, we’ve been seeing more and more mainstream headlines about inflation fears being on the rise, both in the US and in Europe. Central bankers on both sides of the Atlantic have been doing their best to assuage these concerns, promising that they have everything under control and that the situation will without a doubt normalize soon.

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The far-reaching impact of the US election

2020-12-06

by Claudio Grass

2020-12-06

The 2020 election was a roller coaster experience for both sides and for all International observers who understood its massive economic and geopolitical implications for the rest of the West.

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Gold Is Money – Everything Else Is Credit – J.P. Morgan – Part II

2020-11-11

by Claudio Grass

2020-11-11

Rafi Farber, pen name Austrolib, is the publisher of The End Game Investor, a daily market commentary written from an Austrian economics perspective focusing on precious metals, the Comex, and monetary analysis. His work is followed by leaders in the precious metals industry including Eric Sprott. He also writes a weekly column on the gaming industry at CalvinAyre.

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US election: Red flags for investors

2020-10-25

by Claudio Grass

2020-10-25

Outlook and wider impact. As showcased during the debates and in the entire campaign rhetoric, politicians in the US but also in Europe, are solely focused on promoting solutions that only serve to paper over the problems and address the symptoms of the disease.

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Modern Monetary Theory is an old Marxist Idea

2020-02-28

by Claudio Grass

2020-02-28

Modern Monetary Theory, or “MMT”, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The very basis of the theory, the idea that governments can finance their expenditures themselves and therefore deficits don’t matter, actually goes back to the Polish Marxist economist, Michael Kalecki (1899 – 1970).

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Cool Video: Fed’s Independence Challenged and Defended

2019-04-03

by Marc Chandler

2019-04-03

Marc Chandler talking with Charles Payne and Quincy Krosby about Fed policy

I was on the set Fox Business set this afternoon talking with Charles Payne and Quincy Krosby about Fed policy. Payne suggested that both the political left and right are trying to politicize the Federal Reserve to print money for their favorite programs.

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Heterodox Economic Theories and GDP

Heterodox economic theories focus on the human desires to spend, to save, to obtain credit in order to anticipate spending and future earnings, to increase or to reduce debt or even to deplete existing savings, on human behaviour. Those theories neither think that humans are rational nor that markets are efficient.

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Why was the gold price so low in 1999/2000?

To find further explanations as to why the gold price was weak in the late 1990s we analyze sector balances. Effectively private spending and private debt went in two different directions: a heavy increase in private spending and debt in the US against less growth in private spending and less debt in the rest of world. This combination fostered GDP growth in the US and weakened it in other countries. Real interest rates were positive. Markets...

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