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Modern Monetary Theory

2 statements across 2 episodes · 0 bullish · 2 bearish · 2 people on the record · first statement Nov 5, 2022 by David Sacks · across every show →

Everything said about Modern Monetary Theory, oldest first

Nov 5, 2022 negative
Assertion Not checkable as stated
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…”
David Sacks Nov 5, 2022 ▶ 1:12:59 E103: Tech layoffs surge, big tech freezes hiring, optimizing for profits, election preview & more
Mar 24, 2023 negative
Opinion
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.”
Chamath Palihapitiya Mar 24, 2023 ▶ 30:20 E121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more
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