It can correct through time or price. One thing is clear #MMT endless deficits only benefit Asset Prices
While doing little to create economic growth.
Real GDP 2008 $15.7 Trillion Public Debt $10T
Real GDP 2021 $18.7 Trillion Public Debt $28T
We have gotten $3 trillion of GDP for $18 trillion of Public debt or $0.16 cents of GDP growth for every
new dollar created out of thin air by Gov't. While the DOW is up 138%, NDX up over 450% from 2007 highs.
We are getting less and less GDP growth while politicians talk about free money for all as a new norm when
it clearly doesn't work.
fred.stlouisfed.org/series/GDPC1
Stability Is Destabilizing ~ Minsky
How does this end?
While doing little to create economic growth.
Real GDP 2008 $15.7 Trillion Public Debt $10T
Real GDP 2021 $18.7 Trillion Public Debt $28T
We have gotten $3 trillion of GDP for $18 trillion of Public debt or $0.16 cents of GDP growth for every
new dollar created out of thin air by Gov't. While the DOW is up 138%, NDX up over 450% from 2007 highs.
We are getting less and less GDP growth while politicians talk about free money for all as a new norm when
it clearly doesn't work.
fred.stlouisfed.org/series/GDPC1
Stability Is Destabilizing ~ Minsky
How does this end?
Real Macro Economic Investing
www.patreon.com/Realmacro
www.patreon.com/Realmacro
