Home Contact Us

ADVERTISEMENT

I did a little research on Mosler. He is a millionaire hedge - fund manager. He made money

Posted: Jul 8th, 2018 - 9:18 am In Reply to: I had to look up who the author of this was, Warren Mosler. - who believes in Modern Monetary Theory,

during the 1990s when everybody thought Bill Clinton's budget surplus strengthened the US economy. But Mosler realized the Clinton budget surplus meant the government was taking more money out of the private sector in taxes than it was putting in in spending. He said Clinton created a private sector deficit (the flip side of the government surplus) and would inevitably lead to recession, so when he bet that the interest rates would, fall (which they did in 2001) his made hedge a bunch of money.

Makes sense I guess.

ADVERTISEMENT

Post A Reply Reply By Email Options

Use Rich Text Editor with Full Options CLOSE

Edit/Delete Message

Report this message

Complete Discussion Below: (

marks the location of current message within thread)

Economic reality - Sm (Views: 624, 2018-07-08, 6:57 am)
- This is basically what Obama did by creating money out of - thin air, quantitative easing which (Views: 342, 2018-07-08, 8:54 am)
  - Obama did not "CREATE" how federal government - FUNDING WORKS (Views: 307, 2018-07-08, 1:19 pm)
    - He CREATED money by using quantitative easing. - No one said he INVENTED IT. (Views: 396, 2018-07-08, 1:22 pm)
      - He did not create money - Neoliberals just as guilty (Views: 331, 2018-07-08, 1:34 pm)
        How about govt employees practicing some austerity? - The # of govt employees increased (Views: 328, 2018-07-08, 1:46 pm)
      - This is always the end result of socialism. You create a - dependent class then you run out of (Views: 319, 2018-07-08, 1:43 pm)
    - Follow your own advice - "read and learn" (Views: 320, 2018-07-08, 1:36 pm)
- I had to look up who the author of this was, Warren Mosler. - who believes in Modern Monetary Theory, (Views: 354, 2018-07-08, 9:08 am)
  - I did a little research on Mosler. He is a millionaire hedge - fund manager. He made money
  - Candidate for Governor of USVI - Mosler is an economist (Views: 314, 2018-07-08, 3:14 pm)
    - The T in MMT means theory and a theory is not a - fact (Views: 326, 2018-07-08, 3:22 pm)
      - All of the schools of economic thought are - THEORIES (Views: 395, 2018-07-08, 3:49 pm)