Modern Monetary Theory

Investment Analysis Clubs Macro Economic Trends and Risks
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*I looks to me as though “stocks” (as imperfectly represented by the DOW) have also never died. It likewise appears that gold has only done well at times of the most severe economic crisis: the Great Depression, the Arab Oil Embargo, the financial collapse of 2008. Otherwise stocks have performed better, longer, richer.*

That may not always be true, of course, but going by history you’re way better off putting your dollars into stocks than into gold.

Gold and silver have been mentioned in The Bible - no references there to fiat currency or stocks.

I appreciate that gold does well in times of ‘severe economic crisis’ and that’s why I hold some, just in case ‘Something wicked this way comes’.

No one ever got poor by saving gold and silver.

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Gold and silver have been mentioned in The Bible - no references there to fiat currency or stocks.


That makes Eden the first real estate bubble.
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3. The laid-off employees have lower income. They spend less. This lowers overall demand.

But with MMT, this part is short circuited. Because you give all those laid off employees $600 a week to spend. And in many cases, they spend more, not less. Raising demand.

(I have a young relative in college that worked earning ~$300 a week. Then COVID hit and they started getting $600 a week from the feds, and $280 a week from their state. They made more during that period than ever before in their life!)

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