Bill Black: Tom Friedman Just Noticed that the UK “Has Gone Mad”


Naked Capitalism has the article Bill Black: Tom Friedman Just Noticed that the UK “Has Gone Mad”.

MMT [Modern Money Theory] is not simply an Ivory Tower theory. Finance professionals use it because it produces superior predictive results. If politicians like Blair, Brown, and Obama had studied MMT, they would have avoided many of their worst economic blunders that brought us Brexit and Trump.

As I was reading this article, I suddenly realized the problem with voting for the lesser of two evils. When you “win”, people tend to forget that they won with an evil candidate. After you “win”, you must oppose the evil that you voted for.

In this article Bill Black describes the evil that was done by our choice of winners.

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