TOKYO, May 29, 2020–The stock markets around the world are definitely in a bubble, and the roar is all the more eerie when considering that unemployment is surging and the economies are tanking. The secret is that Trump stole the MMT theory from Bernie Sanders without paying royalties.
It’s so ironic that Trump has adopted the Modern Monetary Theory, which theoretically is meant to rescue the needy and narrow the income gap between them and the riches.
Instead of going to the people who are leading a hand-to-mouth living and need money to pay for the rent and groceries, MMT money that the Federal Reserve is creating by buying anything to pump money into the banking system is going into the stock market and has sparked a bubble.
I’ve found a video clip of Reuter’s interview of Stephanie Kelton, one of the founders of the theory. It was as old as August 2019.
https://www.reuters.com/article/us-usa-economy-mmt/mmt-may-be-democrats-economic-cure-but-only-trump-got-the-memo-idUSKCN1UX1VN
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