MMT Modern Monetary Theory's Fatal Flaw? – What is in US Federal Budget? – Is the Tax Rate Irrelevant to Revenue Collected?
Broken Pie Chart · Broken Pie Chart
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Spencer Wright from Halbert Wealth is back on the program to engage in a discussion around what makes up the Federal Budget. How much does all this cost and where do revenues come from? Plus, some thoughts around why MMT or Modern Monetary Theory may never work despite some economists' best intentions.
US Federal Budget Items
What does the US government spend money on?
What is the net interest payments on the national debt?
Where does the revenue come from?
Comparing US government tax revenue collected across high and low tax rates.
Overview of MMT or Modern Monetary Theory
Reflect on our attempt to predict the US 2020 Presidential Election
Maybe the Keys to the Whitehouse were correct after all?
How wide is the US federal budget deficit?
Mentioned in this Episode:
JP Morgan Guide to the Markets (check out slides around page 27 for what we were looking at) https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/
US Treasury Direct Average Interest Rates on US Treasuries Issued March 2021 report https://www.treasurydirect.gov/govt/rates/avg/2021/2021_03.htm
Derek Moore's book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547/ref=sr_1_1?keywords=broken+pie+chart&qid=1558722226&s=books&sr=1-1-catcorr
Contact Derek www.razorwealth.com