Economics Investing

The Great Debate

I’ve heard many people say they write so they can sort out their thoughts, learn something and ultimately arrive at what they think about a specific topic. That’s what I’m attempting to do today. One of the great debates currently in  the world of economics and investing is whether we’re headed for a sufficiently higher …

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Economics

MMT

Modern Monetary Theory (“MMT”) has become increasingly popular over the past several years. I recently listened to Stephanie Kelton’s The Deficit Myth to learn more about the rationale for MMT. Modern Monetary Theory claims that currency issuers (e.g., United States, Japan, Eurozone, etc…) don’t have to operate under the same restrictions as households operate. Households are required …

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Economics Investing

Inflation Follow Up

We discussed inflation in our post yesterday. We referenced financial asset and real asset inflation. I’ve now seen the tweet below from multiple professionals I follow and feel it’s worth sharing here. The tweet references financial asset inflation in terms of hourly wages of the average US worker. It’s pretty crazy to see how many hours …

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Economics Investing

The “R” Word

Economists have predicted nine of the past five recessions. If that statement doesn’t make sense to you or appears to be wrong, it’s meant to. The quote is attributed to Paul Samuelson, the first American to win the Nobel Prize in economics. The quip was meant to imply that economists aren’t very good at predicting …

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