Why MMT Is Already US Policy

Fergus Hodgson, December 7, 2020

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Modern Monetary Theory (MMT) used to be an outlandish thought experiment from starry-eyed academics. George Gammon, a real estate investor and financial educator, explains MMT now finds an echo in the US government’s stimulus response to the COVID-19 pandemic.

He argues the Federal Reserve’s endgame is taking over the economy and enforcing wealth redistribution, which will ultimately lead to social unrest.

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This week in our Discovery Group segment, we interview Frederick Bell, the CEO of Elemental Royalties (TSX-V: ELE), who explains what a recent acquisition means for the company’s future.

Recommended Links

• Visit George’s website and connect with him on YouTube and Twitter.
• “Modern Monetary Theory: A Fairy Tale for Social Engineers,” by Fergus Hodgson.
• “The Deficit Myth Review: Years of Magical Thinking,” by John Cochrane.
• “Trillions in Coronavirus Spending Are Putting AOC’s Favorite Economic Theory to the Test,” by Steven Pressman.

If You Liked This Episode

• “The Fed’s Thousand Cuts to the Rule of Law,” Gold Newsletter Podcast.
• “How Modern Monetary Theory Exacerbates Inequality,” Gold Newsletter Podcast.
• “The Monetary Roots of Generational Alienation,” Gold Newsletter Podcast.
• “Peter Boockvar: The Fed Has Overdosed on Social Justice,” Gold Newsletter Podcast.

Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.