Beststash
Full time employment: Posting here.
- Joined
- Nov 8, 2003
- Messages
- 582
Based on the discussion we had during the thread,"The Stock Market is Not the Economy", I became interested in how/why the FED's transfusion of money during a period of record unemployment would effect the Stock Market. What were the consequences? What about inflation? Is it a bubble or sustainable?
As I listened to "NPR - Think" this AM while mowing the yard, I think I discovered the economic rationale we seem to be adopting in order to cope with the Covid-19 pandemic. It's called "Modern Monetary Theory". I confess I had never heard about it although obviously it has been around for a while.
Direct contrast to the "Tea Bag" movement which was not that long ago.
The following links are very interesting -
Video of MMT that give a basic overview (10 min)
NPR "Think" The argument for increasing the National Debt (48 min) - ****much more in depth and fascinating****
Stephanie Kelton, professor of economics and public policy at Stony Brook University and former Chief Economist on the U.S. Senate Budget Committee
As I listened to "NPR - Think" this AM while mowing the yard, I think I discovered the economic rationale we seem to be adopting in order to cope with the Covid-19 pandemic. It's called "Modern Monetary Theory". I confess I had never heard about it although obviously it has been around for a while.
Direct contrast to the "Tea Bag" movement which was not that long ago.
The following links are very interesting -
Video of MMT that give a basic overview (10 min)
NPR "Think" The argument for increasing the National Debt (48 min) - ****much more in depth and fascinating****
Stephanie Kelton, professor of economics and public policy at Stony Brook University and former Chief Economist on the U.S. Senate Budget Committee