Tom's take on: Kyle Bass: Fallacies Such As MMT Are "Leading The Sheep...

Now this is what I call hand wringing. Each of his imaginary complaints is handled anyway by a debt-free currency with the supply pegged in real-time to both velocity and real productivity (not finance capitalism/speculation).

Read the wringing: Kyle Bass: Fallacies Such As MMT Are "Leading The Sheep To Slaughter" And "We Believe War Is Inevitable" | ZeroHedge

Oh, and MMT'ers do not say that we should spend as much as we feel like. They do know what inflation is. They simply say we are no where near the cliff, and they're right about that.

The ZeroHedge article says, "...governments are not dependent on credit markets to remain fiscally operational. It is precisely this line of thinking which will ultimately lead the sheep to slaughter." They completely ignore Monetary Reform that ushers in debt-free sovereign currency, such as United States Notes (or United States Money, per the NEED Act).

Yes, I realize the MMT'ers are not pushing the NEED Act in any form. Regardless, ZeroHedge never thinks outside the box. They just spread paranoia. ZeroHedge, we don't want Hayekian nonsense as the solution. We want real solutions, not that garbage.

  • Subscribe
  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
    This entry was posted in Libertarian Capitalism, Monetary Reform, United States Notes. Bookmark the permalink.