The inflation limitation is the MMT orthodoxy. It’s interesting that the US has adopted MMT without any explicit political process. It’s like when Nixon said “we’re all Keynesians now”. By that time Keynesian economics had been the orthodox economic paradigm for decades.
i am on the island of mallorca but look into my emai account from time to time: think it's a mix of reserve currency, better jurisdiction and if you exclude mag7, my guess is that the underperf of spx vs gld is "gigantic" and will continue, more in miners than physcial now as i believe that fcf will be HUGE in coming quarters/years, loading up the truck as long as miners are cheap...see first majestic silver (AG US)
Great minds think alike. Earlier this morning I published my own post on MMT! https://open.substack.com/pub/tarotfso/p/what-if-i-told-you-debt-makes-us?r=kwvs&utm_medium=ios
I think MMT is not limited by inflation... its limited by politics. Government spending magic money is inevitably corrupt
The inflation limitation is the MMT orthodoxy. It’s interesting that the US has adopted MMT without any explicit political process. It’s like when Nixon said “we’re all Keynesians now”. By that time Keynesian economics had been the orthodox economic paradigm for decades.
i am on the island of mallorca but look into my emai account from time to time: think it's a mix of reserve currency, better jurisdiction and if you exclude mag7, my guess is that the underperf of spx vs gld is "gigantic" and will continue, more in miners than physcial now as i believe that fcf will be HUGE in coming quarters/years, loading up the truck as long as miners are cheap...see first majestic silver (AG US)