Pool & Carlson on AOC

It’s a combo vid, Tim Pool starts out, and it ends with Carlson. My interest is the latter segment, since the segment with Pool is weak as hell.

Carlson: “…Neither party wants to talk about this. … Any economy based on interest payments isn’t really an economy, it’s a scam. … Healthy countries make things… they don’t worship finance. In a healthy country bankers aren’t heroes. Private equity is not the highest paid profession. Nobody brags about working at a Hedge Fund. In America right now we have the opposite unfortunately. And that’s why AOC has a consistency. Not because she’s impressive, she’s not. But because she’s one of the very few people who will say the obvious about the growing corporate tyranny… She’s right about the financialization part.”

My comment: AOC hasn’t really accomplished anything, except winning against a white man democrat, who largely outspent her campaign. As for winning against a republican, Pelosi said it best: “this glass of water would win NY against a republican.” It’s very telling that a “socialist” like AOC puts “renting phones” next to interest payments as to why the economy isn’t working, apparently cartelized markups and patents and land rents deserve the 3rd spot in her hierarchy, which would be fine, if she ever bothered to mention them, which she doesn’t. The leftards are just awful.

Monetary Policy Doesn’t Drive the Economy

by Derek McDaniel

To manage a currency, there are two primary tools: fiscal policy and monetary policy. Fiscal policy is all the spending done by the political authority (The Treasury), while monetary policy (setting the price for borrowing liquidity) is conducted by a so-called independent body (The Central Bank). Continue reading “Monetary Policy Doesn’t Drive the Economy”

Thomas Edison and Henry Ford explain Modern Monetary Theory in 1921

Edison and Ford were Deficit Owls

by Serban V.C. Enache

In December 1921, Henry Ford and Thomas Edison visited the Muscle Shoals nitrate and water power projects near Florence, Alabama. Thomas Edison gave an interview with the The New York Times, “Ford Sees Wealth In Muscle Shoals.” With fair use, and in the interest of posterity and public purpose, I reproduce Edison’s views on finance and the economy – which are 100 percent consistent with Modern Monetary Theory. Continue reading “Thomas Edison and Henry Ford explain Modern Monetary Theory in 1921”