Absolutely. The article contains a mistake. Kocherlakota wanted a decline in rates, using the windfall from negative rates to fund #MMT! I implied that he wanted an increase in rates. I don't believe I was correct. Notice that Trump wants negative rates, wanting China to pay interest to us! Draghi seems to be doing this for Germany. So, I believe Germany is strong enough to bail out German banks. German banks put up with negative rates. American banks seemed opposed to negative rates. Perhaps they don't completely believe that America has their backs!

This is the old Kocherlakota plan. Do #MMT. Draghi wants to make Germany invincible and do #MMT. I wrote about the plan. Germany has such a surplus it may not fear its bad banks. Therefore it gives the ECB a long leash. talkmarkets.com/.../draghi-and-germany-have-a-secret-plan-to-save-the-eurozone

Nice argument against #MMT.

I think productivity is too weak for trickle down to work in this environment. It usually simply doesn't work. But Mr Mauldin, I believe Dalio would rather see helicopter money than MMT. I don't know that he has endorsed #MMT except for the fact that it is what is catching on and austerity is not working. Capitalism has become too austere for the masses while the wealthiest play like never before. Helicopter money is much safer, and would work if properly dispensed. It is a monetary issue according the Friedman and the monetarists at the Fed can execute it without the fiscal budget exploding.

We are experiencing Trump's version of #MMT but only for defense spending, setting up for possibly dangerous wars.

As.long as these banks do not latch on to #MMT and try to be somewhat countercyclical when hard times hit, I think they are a good idea.