If what you are saying is correct (I do not know the depth and liquidity of the USD / Peso market), then Arg should tell the hedgies to fck off.
Well, that is what Arg has done, but it won't work out well.
Quote:
To the extent Arg has exports into foreign markets, and can issue their own currency, then I do not understand the need to negotiate....
Because the Arg govt are socialist twats who buy their way into power by spending more than they earn. Argentina earns hard currency via exports, but spends it and then spends some more, and borrowing money from foreigners and defaulting on it is pretty much their modus operandi. I agree that the lenders who keep falling for this crap are dumb fcks, but once Argentina is forced into default, it will be very difficult for them to keep doing it, at least for another 10 years until we get a new generation of dumb fck bankers in the western world looking for yield and believing Arg promises of 'never again'.
If you really do not know that its a pivotal part of MMT that raising taxes is necessary/desirable to control inflation then we can just give up now. Or perhaps you jokers want to confirm that Mosler has come clean on totally lying thru his teeth on the idea he is not soft on inflation??
If you really do not know that its a pivotal part of MMT that raising taxes is necessary/desirable to control inflation then we can just give up now.
Andrew that's just another fact that you made up, and it's going around and around in your head. I've never heard any MMT'er call for higher taxes, although I have heard some call for higher taxes for the mega wealthy. I recall some calling for lower corporate tax rates.
Go to bed Andrew.
Any expressed market opinion is my own and is not to be taken as financial advice
Andrew that's just another fact that you made up, and it's going around and around in your head. I've never heard any MMT'er call for higher taxes, although I have heard some call for higher taxes for the mega wealthy. I recall some calling for lower corporate tax rates.
Go to bed Andrew.
Unfortunately since Mosler himself told me i dont think going to bed is going to change the reality of it.
Even a hard core MMTer cannot believe that a government can usefully print money with no consequences whatsoever. Surely?? Or are you really that delusional Peter?
Are you really unable to comprehend that there is a relationship of sorts between quantity of money in circulation and prices so that quantity of money can be the cause of high prices?? Peter you cannot be that dumb surely?
Unfortunately since Mosler himself told me i dont think going to bed is going to change the reality of it.
Even a hard core MMTer cannot believe that a government can usefully print money with no consequences whatsoever. Surely?? Or are you really that delusional Peter?
Andrew no one believes that printing money has no consequence.
Where do you get these ideas from?
Any expressed market opinion is my own and is not to be taken as financial advice
Andrew no one believes that printing money has no consequence.
Where do you get these ideas from?
OK so what is the MMT consequence of printing too much money??
Its not hard Peter. You can do it!
By the way, I credit Mosler with sufficient good intelligence to tell the difference between what i called disparaging in this case an MMTer and Mosler himself.
I think you need to go back to basics and ask yourself what gives the token called money its value? Why does the government burn the money collected in taxes and not use it for anything?
OK so what is the MMT consequence of printing too much money??
Its not hard Peter. You can do it!
By the way, I credit Mosler with sufficient good intelligence to tell the difference between what i called disparaging in this case an MMTer and Mosler himself.
I think you need to go back to basics and ask yourself what gives the token called money its value?
I don't read Mosler but I would doubt that he ever thought that printing had no consequence. No one does.
I'm not interested in this idiotic discussion of yours.
Any expressed market opinion is my own and is not to be taken as financial advice
I don't read Mosler but I would doubt that he ever thought that printing had no consequence. No one does.
I'm not interested in this idiotic discussion of yours.
Peter you are the idiot claiming you cannot see the connection between destroying money in taxes and inflation in a system you are a fan of called MMT, when it is quite clear there is a connection.
Why pay taxes at all if the money is only burnt and funds nothing at all?
Peter you are the idiot claiming you cannot see the connection between destroying money in taxes and inflation in a system you are a fan of called MMT, when it is quite clear there is a connection.
Why pay taxes at all if the money is only burnt and funds nothing at all?
I don't remember saying that money paid in taxes is burnt, once again you made that up.
I'm going to bed now Andrew, so why don't you write a post pointing out things you think I said and then you can shoot them down in flames. That's what you do isn't it.
Cheers.
Any expressed market opinion is my own and is not to be taken as financial advice
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