Modern Monetary Theory
topic on 3 shows · 5 statements across 5 episodes
5 statements about Modern Monetary Theory, every show
Palihapitiya: Modern Monetary Theory is clearly idiotic
“MMT. Was in hindsight, idiotic in the moment. It never quite made sense, but in hindsight, it's clearly idiotic and I think that we can properly dispense with that.”
Sacks: Fed experts and MMT caused inflation and financial crisis
“Populous did not cause 10 trillion dollars of money printing. It was modern monetary theory. And the experts of the Fed who did that. It wasn't Populous who created the great financial crisis of 2008 that caused the Zerp, and we're still living with all the do…”
Harper: MMT falsely assumes wealth can exist without production or trade-offs
“The fundamental principle of economic science is that human desires and wants always outnumber available resources, and you have to make choices. They're trying to convince everybody you don't have to make choices. You can have wealth, go to work or not work w…”