Modern Monetary Theory

Discussion in 'Markets & Economies' started by mmm....shiney!, Sep 14, 2019.

  1. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Ayn Rand was a minarchist. From my understanding she felt that society was best served by having the elites determine the direction for society, not so much dictating but guiding benevolently. John Galt came to the conclusion in "Atlas Shrugged" that society had gone too far and that the elites were being crushed by the collectivists. This is why he removed them from the mainstream to a secret location, with the exception of his old mate Danneskjold whose job was to destroy the world so that Galt may rebuild it.

    It was always Galt's intention to return to society once the old structures had been torn down.

    Humans will always be human, that's why there are groups of people out there now building decentralised systems that can sidestep some of the less savoury aspects of human nature. Some of these are minarchist, many of the original designers were anarchist. I'm certain Rand wouldn't have approved of their projects.

    Most people are good, centralised fiat monetary systems make it more challenging for the "good" people to live moral lives.
     
  2. leo25

    leo25 Well-Known Member Silver Stacker

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    You’re a more optimistic person then me :) A moral person is a moral person. If a person blames the system for their wrong doings then they are not a moral person.
     
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    In "The Fall Revolution" science fiction series, Ken McLeod sets the scene for book 1 "The Star Fraction" in and around New London, an anarchist enclave neighbouring a whole variety of other small enclaves catering to whatever political fancy the inhabitants of old England may desire, from Christian fundamentalists to communists. Living with the ever present danger of terrorist hit and run raids from the Greens with their ultimate goal of returning the world to living like cavemen.

    There's something for everyone.
     
  4. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I am an optimist. It's DNA coded into being an anarcho-capitalist. ;)
     
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  5. Jason1

    Jason1 Well-Known Member

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    Yer human greed could prety much ruin any system, so finding a perfect system where you can over ride that, i doubt there is such a system out there
     
  6. dozerz

    dozerz Well-Known Member Silver Stacker

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  7. heartastack

    heartastack Well-Known Member Silver Stacker

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    The main thing I dislike with blockchain coins is intitial distribution
     
  8. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    You mean pre-mined?
     
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Over here for 25k usd, after deducting for tax breaks most local people don’t need to pay taxes, or maybe only $100-$200. A person earning 50k pays about $1k+ taxes. For working mothers, they don’t need to pay taxes even at 50k and above.
     
  10. alor

    alor Well-Known Member Silver Stacker

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    https://www.anti-empire.com/us-ban-...STy8GJNVDvLMnlrt3UJvw9rqAagasi6LslHJS0TSwM1l4

    U.S. sanctions against Huawei Technologies that took effect Tuesday have forced Japanese chipmakers to cast a wider net for business to fill the gap left by a loss of sales to China’s largest telecommunications equipment supplier.

    But the company’s smartphone shipments are forecast to plunge 70% in 2021 compared with the expected total for this year, by one estimate. DRAM “prices will fall around mid-September as [Huawei] stops building up its inventories,” said Akira Minamikawa at Omdia.

    Source: Nikkei Asia Review

    since when the stocks price are holding well, Japan fund must be supporting it
    SELL SELL SELL thread lol
     
  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  12. willrocks

    willrocks Well-Known Member Silver Stacker

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  13. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Do you want me to wipe your arse after you shit too? ;)

    This is the MMT thread.

    Basically, the premise of MMT is that (a) governments are not revenue constrained, (b) budget surpluses result in deficits in the real economy (the private sector) whilst budget deficits result in surpluses in the private sector, (c) in periods of recession governments should be increasing their deficits meaning that they inject more money into the real economy, (d) when governments inject money into the real economy it's likely that certain sectors will benefit before the wider economy does.

    Savvy investors know this and allocate their capital to maximise their opportunities. Or should do.

    Oil, gas, energy infrastructure and the flow-on to other industries ie construction, roads blah blah blah can be beneficiaries of government largesse.

    And @willrocks can be a beneficiary indirectly from government largesse too.
     
  14. leo25

    leo25 Well-Known Member Silver Stacker

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    Hope government can build some nuclear reactors in Australia.

    Though it might piss off the greens as it's the cleanest form of energy available atm. Wait i thought they like clean energy...:confused:
     
    Last edited: Sep 19, 2020
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  15. willrocks

    willrocks Well-Known Member Silver Stacker

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    And what's your plan for maximising the opportunity as you see it?
     
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  16. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I’m interested in Galilee Energy, Origin Energy and Ampol so far.

    Galilee exploration.

    Origin distribution.

    Ampol refining.

    Just be aware that I’m not too savvy. :p
     
    Last edited: Sep 19, 2020
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  17. alor

    alor Well-Known Member Silver Stacker

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    thought those greens support burning forest n trees, they get funding for reforestation again
    they seems to be in support of dismantling nuclear power plants, building one? they clearly against
     
  18. Davros10

    Davros10 Well-Known Member Silver Stacker

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    I don't have access to the graph, but I remember a few years ago seeing the extremely strong correlation between a countries' rank on the corruption scale and economic performance.

    In Australia we have a government laughing at convention as they stifle parliamentary debate, led by a PM fired by 2 countries' Tourism departments after financial irregularities and huge corruption around his initial pre-selection for his parliamentary seat.

    Watergate,
    Sportsrorts,
    Ruby Princess,
    Aged care,
    A gas lead recovery designed by a committee loaded with leaders of the gas industry,
    etc, and little or no scrutiny or accountability doesn't bode well for Australia's economic future.
     
  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I wouldn’t put too much credibility in that correlation. Generally the most corrupt governments are in the most impoverished nations. ESG for example is an important measure or ingredient if you like in prosperity.
    And performance rights are now linked to successfully meeting ESG indicators in many companies so the accountability may not be apparent to the casual observer but it is made clear in the reports published by companies and voted on by shareholders.

    And no shareholder wants to see the value of their stock plummet because the company they own has deliberately breached acceptable guidelines around how it operates within communities, ecosystems or how it manages its workforce.
     
    Last edited: Sep 19, 2020
  20. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    On accountability, posted elsewhere but this is Chalice Gold’s performance rights measured using ESG indicators:

    2C704384-39E7-40F8-B733-D3A44AFF448D.jpeg

    It covers injuries, environmental damage, property rights of landholders etc.
     

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