Recent content by Theo

Just realize that no-one is ever going to be asked to pay it back.

Change in distribution of demand for goods vs services explains a lot of the inflation. I expect if the covid situation is ever resolved, demand patterns will revert back as will inflation.

If you live in a country that issues it's own currency, only issues debt in that currency and allows the currency to freely float in the currency exchange market, your country has implemented MMT.

Allowing social security benefits to be cut is a political decision, not an economic one.

If someone's primary source of retirement income will be a pension and the spouse does not have any other significant source of income should the pensioner die, not taking a j&s option of 75% or greater is fiscal malfeasance unless they have a substantial insurance policy in place to replace the...

Here's a link to the website of the guy who developed the theory. Warren Mosler, former bond trader. http://moslereconomics.com/mandatory-readings/innocent-frauds/

I don't get the threat. What exactly would China do with all those dollars if they didn't hold treasuries?

Short term there is inflation risk due to supply shocks related to shutting down the economy. Long term there is very little risk of inflation due to demand even with the deficit spending because, unless a permanent Ubi is introduced giving spending money to poor people, the money is not going...

In portfolio visualizer, try targeted negative volatility.

Servers are more valuable than other minimum wage employees.

Interest as a percent of GDP is at normal levels and actually low compared to the 80s and 90s.

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Simple. Taxes don't fund spending. Congretional appropriations do.

Not better informed or worried. But there will be someone left holding the bag and it won't be me.

Sell to who? Aquaman?