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Top US economist explains how MMT works
(media.mas.to)
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this post was submitted on 04 May 2024
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the_dunk_tank
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at the very start of covid when things were extremely uncertain, mass death was kicking off, and people were scared, i saw this crazy video of anderson cooper interviewing someone from the federal reserve. the fed guy was promising that no matter what horrors were about to come with the pandemic, they would definitely play with the spreadsheet to keep things normal.
anderson cooper was literally crying tears of joy when he heard this. his face and eyes were all puffy and red. he was so relieved.
did anyone else see that interview? it's the only anderson cooper i've ever seen. not sure if it's his normal MO. more of like a jordan peterson thing.
i guess anderson cooper is an MMT guy lol
The Fed is a slightly different beast. They don't spend money into existence like the government does. They lend money into existence. Their primary lever is at what interest rate that lending is done. Anderson Cooper believes in the Chicago School, the poor sod. It's basically the premier economic theory of the US establishment