American Monetary Association 309: MMT & Inflation, Giving Money Value & Importance of Deficits
Jason Hartman and Investment Counselor Adam take a moment today to discuss the hot topic of Modern Monetary Theory (MMT). Adam, being a big proponent of MMT, plays a clip from a recent episode of The MMT Podcast and discusses what MMT is, how we can use it in our observation of the economy, and what it can mean for our investing. After they finish up their MMT talk, the two profile a property that's available in the Atlanta, GA market.
Key Takeaways:
[3:49] How money becomes money
[8:03] Why Adam and Jason think cryptocurrencies not backed by the government will never thrive
[14:25] What we actually need to worry about when we have a tax cut or increase in government spending
[17:37] Shrinking deficits lead to pullbacks and federal surpluses lead to recessions
[25:40] Property profile in Atlanta
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