SHV - Forward Guidance: The Spinning Of Illusive Illusions Within The Grander Illusion Of Modern Monetary Theory
Have you heard of the term Modern Monetary Theory (MMT)? If you haven't, don't feel bad. It's not a harbinger to "that moment" when you suddenly realize you've crossed the meridian and drifted into what's known as middle age. You know, like, when you thought it would be better to once again become single and hang out at the local hot-spots on Friday nights, only to realize not only do you feel old and out-of-place, but you actually are. It's not that bad, but let me just add one word of caution: yet.
MMT is