Economy Guy
Economy Guy
Tom Harvey
Modern Monetary Theory (MMT) and Credit Default Swaps
24 minutes Posted Jul 4, 2021 at 5:45 pm.
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In the strong US economy, there exist a few cracks and worries.  MMT is one of them as money printing does not create wealth, nor does it drive the economy.  No one is talking about Credit Default Swaps, but what if?  Buffett makes it clear that the US Government and FED are allowing leveraged speculation, but didn't previously.  Why?