AIPIS 208 - US Taxes Create the Demand and Value for the Dollar with Mike Norman

0 Recensioner
0
Episod
185 of 436
Längd
35min
Språk
Engelska
Format
Kategori
Ekonomi & Business

Jason Hartman welcomes Economist Mike Norman to the show to discuss Modern Monetary Theory or MMT. Mike shares examples of common misconceptions people have of the US monetary system and economy, such as the US debt clock, that inflation equals growth, and how the tax system works. He believes that the US has an unlimited supply of capital and balancing the budget or functioning as a fixed monetary system would accomplish the opposite of what is needed to create growth. Key Takeaways: [1:10] Modern Monetary Theory (MMT) explains the value of money. [4:09] A tax system is required to create demand for money. [9:01] A fixed monetary system creates cycles of economic depressions and recessions. [11:23] The US national debt is a summation of what is owned by the US and its constituents. [18:55] A dollar must be created and pumped into the economy before it can be used to pay a tax debt. [21:16] The US has an unlimited amount of new capital. [26:43] There is a difference between inflation and growth. Website: Mike Norman on YouTube


Lyssna när som helst, var som helst

Kliv in i en oändlig värld av stories

  • 1 miljon stories
  • Hundratals nya stories varje vecka
  • Få tillgång till exklusivt innehåll
  • Avsluta när du vill
Starta erbjudandet
SE - Details page - Device banner - 894x1036

Andra podcasts som du kanske gillar...