Financial 15 Split Corp T.FTN

Jerome Powell speaking today, on the US mess.

[mouserman]

US trillions in debt , maybe a big war in the middle east, throwing money in the toilet in the Ukraine/Russia conflict, and BIDEN over in middle east trying to figure things out. Not making any headway.
Seems every the FED  talks , the markets cringe in fear.
Only consistency we see.

[Donwaan]

The reality is that governments have unsustainable debt.It is unrealistic to assume that the largest credit-fueled bubble in half a century can continue indefinitely or be deflated without pain. Higher interest rates will force an adjustment to popular investments that were made based on comically low costs of capital. (MarketWatch)

[NoShoesNoShirt]

You must understand the importance of Powells and maclems point of view. I don't agree but this is where their thoughts originate.  According to MMT, governments do not need to worry about accumulating debt since they can create new money by using fiscal policy in order to pay interest. MMT argues that the primary risk once the economy reaches full employment is inflation, which