Reddit reviews Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance
We found 2 Reddit comments about Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance. Here are the top ones, ranked by their Reddit score.
Palgrave MacMillan Trade
I have a few:
Modern Monetary Theory (MMT) is just that, a theory. I do not subscribe to MMT. None of what I have said is based on MMT.
I am in a "Wall Street" industry. I have been making money for the past 10+ years taking the opposite side of trades for people talking about bond vigilantes, QE being inflationary, the USA becoming the next Greece, the US going bankrupt, etc. It's because I use an objective, fact-based analysis of the operational reality of modern monetary systems and am not an academic or politician using historical theories not rooted in reality.
Did you know Paul Krugman didn't incorporate the banking system into many of his models for a long time? Don't even get me started on the Austrian School dorks like Peter Schiff. I lost count of the number of calls they got wrong.
Several of the things you stated are factually incorrect and I explained why. I am beginning to think you don't care about objective facts and are much more interested in emotions and identity politics. It seems like you were trying to bait me into an argument over those but I'm not interested.
If you want to expand your understanding, I highly recommend Pragmatic Capitalism by Cullen Roche.
https://www.amazon.com/Pragmatic-Capitalism-Every-Investor-Finance/dp/1137279311/ref=tmm_hrd_title_0?ie=UTF8&qid=1397498215&sr=1-1
Best of luck in the future.