As we get deeper into this crisis and we get used to our “new normal”, it’s easy to focus on the daily corona-horror stories in the media or the latest shocking unemployment numbers, and lose track of the bigger picture and of what is really, fundamentally important. Even as the lockdown measures begin to get …
Tag: Totalitarism
Media hysteria: Lessons from Brexit for citizens and for investors
The coronavirus epidemic has instilled real terror in the hearts of many investors, triggering a rude awaking to the actual state of the economy and panic unseen since 2008. This fear, that has spread among investors as it has among the general public, has been largely fueled by the coverage of the threat. Mainstream media, …
Modern Monetary Theory is an old Marxist Idea
There is nothing new under the sun Modern Monetary Theory, or “MMT”, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it. The very basis of the theory, the idea that governments can finance their expenditures themselves and therefore deficits don’t matter, actually …