Sterling Terrell

smart ideas from books (mostly)

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Modern Monetary Theory

Modern Monetary Theory

Modern Monetary Theory is the insane and frankly – stupid as all get out – notion that a government can print as much money as it wants to without any actual harm.

Governments should not be afraid of debt – because they simply print more money.

Governments should not be afraid of low tax revenue – because they can just print more money.

And governments should not fear inflation because they can fight it by lowering government spending and increasing taxes – and you guessed it – they can still print any more money that they need!

(Begs the question: If the government can print any money that it needs, why are we paying taxes? 😳)

I mean, at one-time people were actually talking about creating a Trillion-dollar coin to pay off the national debt.

Seems like crazy talk with the inflation rate at a 40-year high this month.

Because governments notoriously dislike reporting actual inflation numbers, Peter Levels made a fantastic inflation tracker here: inflationchart.com

Stop the madness.

Santelli gets it.

Santelli nails it here.
The one guy on CNBC who really isn’t afraid to call out what is actually happening.

πŸ”ˆ

pic.twitter.com/LvHBOXla1F

— Wall Street Silver (@WallStreetSilv) September 24, 2022

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Filed Under: Not BooksTagged With: #Economics, #Money

The Only Thing That Money Is Good For

The Only Thing That Money Is Good For

The only thing that money (and work) is good for is this:

Work gives you money.
Money buys you assets.
Assets gives you wealth.
Wealth buys you freedom.

Follow this. (The cliff notes in video form are here.)

Work gives you money.
Money buys you assets.
Assets gives you wealth.
Wealth buys you freedom.

— Boss Your Day (@bossyourday) July 19, 2022

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Filed Under: Not BooksTagged With: #Money, #Wealth

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