WARREN MOSLER | Modern Monetary Theory

Wed am recap

Mainstream economics says: Get inflation right and that ‘automatically’ optimizes long-term growth and employment. Adding to demand with a negative supply shock turns a ‘relative

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Money (USD)

My take on the USD: It was at a level based on foreigners wanting to accumulate $70 billion per month which also = the US

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Changing dynamics for the Fed

Cutting 75 basis points rather than the expected 100 basis points gave the Fed positive near term reinforcement from market participants: Dollar went up Food/fuel/commodities

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Re: Bear Stearns Cont’d

(some email q&a’s) UPDATED as more questions come in!! Why would shareholders approve this sale? Answer, they may not. They may take their chances with

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