The MMT Experiment is Underway
from What Goes Up Hosted by Bloomberg
Robert Hormats, who has worked in senior economic and trade policy roles under five different U.S. presidents and spent 25 years at Goldman Sachs Group Inc., believes the Covid-19 pandemic has forced the government to embark on what could be considered an involuntary experiment with Modern Monetary Theory. Now a managing director at wealth-advisor Tiedemann Advisors, Hormats discusses MMT, the U.S.-China relationship, prospects for a coronavirus vaccine – and how investors should think about all of it. Mentioned in this podcast: A Beginner’s Guide to Modern Monetary Theory Meet the Psychic That Big-Money Wall Street Traders Depend On
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