owlchris00.bsky.social
I work in tax credit finance. Here to follow the #MMT discourse.
13 posts
33 followers
32 following
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I want to say sustainable farming. Although we don’t have much of that now right? Perhaps we need somebody in the future to magically transport to now.
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For the sake of argument, and perhaps for my own learning here, let’s say the Fed decides to drop rates all the way down to near 0% at its next meeting. What would you say would happen to mortgage rates?
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What I’m saying is the Fed rate influences mortgage rates. We can call it “sophisticated”, but ultimately doesn’t it follow the direction of the Fed rate?
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Right. Banks will derive interest rates considering credit risk of the borrower. But isn’t their risk-free rate of return (i.e. fed rate) the baseline for their rate calc? Don’t mortgage rates fluctuate accordingly with the fed rate? Or am I way off here?
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What do the markets have to do with it though? The fed sets the rates.
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I can get you links to the MMT studies already debunking this stuff. Or just see the works of @wbmosler.bsky.social @stephaniekelton.bsky.social @williammitchell.bsky.social @fadhelkaboub.bsky.social or many others. Lmk and can provide links here. Thanks again!
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Hi 👋 me again. I’m on minute 50-ish now. Ecstatic to hear MMT brought up by Jon. Mark dismisses it as something that only makes sense in a low int rate environment, says the govt has to borrow to spend, and cites Zimbabwe as a caution for inflation. MMT folks are constantly re-debunking these myths.
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Also Warren Buffet from 6 years ago (youtu.be/LtITDtZPYEw?...) and from last year (youtu.be/vGVt8Y2ZdWI?...). Would love for you to share the other side of the story at least. Thanks and hope you all enjoy the holidays!
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flawed at best. I don’t know where the rest of this episode is going. But I hope you will consider having on a guest like @rohangrey.bsky.social who can lay out a more practical perspective on crypto based on the economics and politics of it.
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The glass injects 3 shots into my body. Then the toilet taxes 2 shots out. I’m left with 1 shot to enjoy a buzz. #MMT
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😂
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No. MMT would say reducing taxes might be an effective tool in certain situations. Like when you don’t have full employment and you have to run larger deficits. Although, tax cuts are a less effective tool than fiscal spending in this regard.