Tag Archives: MMT

I’ve written extensively over the past years about the rise of Modern Monetary Theory (MMT) and all the terrible dangers it entailed from its very birth, not just for our economies, but for our societies too. Although it captured media interest and monopolized a lot of “expert” debates at the time, one wouldn’t be blamed for thinking it was merely a “flash in the pan”, just another crazy idea that the establishment entertained for a while to appease the most left-leaning elements in...

Jeff Snider, Headmaster of Eurodollar University, joins the podcast to talk about the perverse complexities of the Eurodollar system. What even is a Eurodollar? Why was the system created? Keith and Jeff discuss the Eurodollar market and then give their hot takes in a hilarious lightning round. We hope you enjoy this insightful, whirlwind of an episode! Follow Jeff on Twitter and his website. Connect with Keith Weiner and Monetary Metals on Twitter: @RealKeithWeiner...

Part I of II, by Claudio Grass The field of economics has long and often very embarrassing history of absurd theories, blatantly wrong assumptions and hypotheses, spectacularly wrong predictions and entirely avoidable policymaking blunders; a few of them hilarious, most of them catastrophic, some of them literally murderous.  Overconfidence and a generous amount of hubris appear to be at the heart of the problem, as is so often the case nearly every time that “experts” and...

Part II of IV by Claudio Grass The lasting impact of the Nixon Shock The economic and monetary consequences of Nixon’s decision to end the convertibility of the US dollar to gold are as numerous as they are severe. It marked the start of five decades of monetary and fiscal insanity and it unleashed unprecedented borrowing and deficit spending sprees. Debt-fueled “growth” became the name of the game and currency manipulation came to define both political strategies and central...

Over the past couple of weeks, we’ve been seeing more and more mainstream headlines about inflation fears being on the rise, both in the US and in Europe. Central bankers on both sides of the Atlantic have been doing their best to assuage these concerns, promising that they have everything under control and that the situation will without a doubt normalize soon. Still, all these assurances have failed to convince the markets and many investors are starting to see the cracks in the...

Over the past couple of weeks, we’ve been seeing more and more mainstream headlines about inflation fears being on the rise, both in the US and in Europe. Central bankers on both sides of the Atlantic have been doing their best to assuage these concerns, promising that they have everything under control and that the situation will without a doubt normalize soon. Still, all these assurances have failed to convince the markets and many investors are starting to see...

Interview with Karim Taleb Part II of II Claudio Grass (CG): Part and parcel of that same institutional “strategy”, especially in its current form, is the idea that deficits and debt don’t matter. Basically, after 2020, it can be argued that we’re all Modern Monetary Theorists now, as nobody in any position of authority has expressed any real concern over the actual costs of all this “free money”. Given the undeniable political advantages of such a “Magic Money Tree”, do you think...

The 2020 election was a roller coaster experience for both sides and for all International observers who understood its massive economic and geopolitical implications for the rest of the West. There was no shortage of drama, sensationalism, half-truths and full untruths at every stage of the process, from the Democratic primaries right to this day, with politicians and partisan journalists painting their own version of reality, fueling divisions and rallying their...

The 2020 election was a roller coaster experience for both sides and for all International observers who understood its massive economic and geopolitical implications for the rest of the West. There was no shortage of drama, sensationalism, half-truths and full untruths at every stage of the process, from the Democratic primaries right to this day, with politicians and partisan journalists painting their own version of reality, fueling divisions and rallying their fanatical followers...

Money – sound and unsound - Click to enlarge Interview with Rafi Farber: Part II of II Rafi Farber, pen name Austrolib, is the publisher of The End Game Investor, a daily market commentary written from an Austrian economics perspective focusing on precious metals, the Comex, and monetary analysis. His work is followed by leaders in the precious metals industry including Eric Sprott. He also writes a weekly column on the gaming industry at CalvinAyre. Contact him...