Not all contrarians are the same
Debunking Economics - the podcast
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Modern Monitary Theory
A lot of people in the markets, and lack bornmon mosley himself, discovered these principles by being a trader. A lot of them have used modern monetary theory as the basis of doing their trades,. And those that have in their sort of neo classical convention perspective, would think old japan's running as huge government surplices. At some point people like an be illing to buy japanese bonds, therefore the jaan sians going to depreciate. Well, that's called the widow maker trade. Ican because it's the a modern monitary theory point of view, the government can runn any deficit it likes, so long as it doesn't cause inflation
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