whenever our people stop in the street they say what do you have in karl back on and out this is karl denninger jersey our favorite guest anyway let's get into it so the notion of am and seen modern monetary theory has swept much of the american left recently first of all what is it and then we get into way think of it but what is it supposed to me i guess you could just call it startle ism which is sort of what it is as art which sounds an awful lot like charlatanism and that's essential which got it's the premise that the amount of currency and debt that you issue is of no consequence to the economy dead the government essentially uses taxes to mop up excess liquidity and not finance its operations and the only poultry that you will pay for using too much of this is a higher inflation rate. it's is that they leave that last part kind of in the footnotes. but that's where the real problem comes from with that the thing that doesn't make much sense to me is that basically you're still relying on a group of people at the center of this kind of command and control m.m.t. style of doing business t

welcome back to the kaiser in part i'm max kaiser time now to turn to karl denninger of market ticker dot org if you're looking for this on the web it's market hyphen ticker dot org karl welcome back thank you max you recently wrote that it won't be a repeat of two thousand and eight elaborate for us what the next crash will be like it sounds like it might be worse karl much worse debt levels are higher income has not advanced in even nominal terms by any meaningful amount. and so you have all this malinvestment that has been fueled by the federal reserve and the federal government's policies all of which by the way is congress's fault because congress is the one that enables this kind of nonsense to go on it's not the feds and you know their own internal saying and do when the bill comes due it's going to be absolutely unpayable we are looking at sometime in the next four or six years medicare exposing the entirety of their underfunded status to the federal budget in the form of deficits and debts that is a proximately a seventy five percent underfunding so you're going to have rough

for this edition of the kaiser apart with me max kaiser and stacy herbert want to thank our gas karl denninger of market hyphen ticker dot org if you want to catch us on twitter it's kaiser report until next time. long. shot i took it up on soldier that i. was on the set left and i thought that. was usher. business. you can do it and say not just any second now your names have risen and their powers that be who committed the passage says they were or isn't and it never was enough to post and. you know world a big part of new things. and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. to get up off the ground to serve begin to. get your game face on the sounds of men and maybe the grown man with misleading essentially. john. it is your wish to do away from the office or the joy of his group. the i'm sorry

this edition of the kaiser in part with me max kaiser and stacy herbert want to thank our gas karl denninger of market hyphen ticker dot org if you want to catch us on twitter it's kaiser report until next time. i'll. america's policy in iraq has never been a smashing success but apparently there's still room to make it worse the secretary of state's recent visit to the region was full of bold proclamations and quiet reversals of years trumps policy in iraq. president trump says he's ready to recognize israel for the occupied golan heights a disputed area and syria. settles its allies by indicating a. road initiative which is widely seen in the west as a vehicle for trying to project. men in the u.s. are now less concerned about sexual harassment in the workplace than they were the height of the me to campaign where i asked what's changed. the effect change and we're not playing that game anymore and that's what's happening men are getting caught and they want to go back to helping to use to be real. with categorizing our .

this edition of the kaiser apart with me max kaiser and stacy herbert want to thank our guests karl denninger of market hyphen ticker dot org if you want to catch us on twitter it's kaiser report until next time i'll. breaks it killed joan tonality. officer. told him to get up off the ground serve began to pay down the. democrats on the sounds of an mit grown man like wrestling essentially. through his baton. was the away from the officer. of his crew. the obvious or did they kind of lunge for the weapon once missed and then when it happened on tree swung as i was his hands didn't hit him i never saw any contact between the two any kind went back to where they were so the officers back here there try again fifteen feet apart at this point and that's when the officer pulled out his gun and aimed it on three. baghdad. we shot i had to get up on soldier that i needed you all but i got on i got a close and that was on bush honestly i'm not going to i'm not a good kind of once in a month. in office and here was just some we did not. know what to make sure there are some motionless on his own by th

edition of the kaiser in part with me max kaiser and stays there but i want to thank our guests karl denninger of market hyphen ticker dot org if you want to catch us on twitter it's kaiser report until next time. i'll. the be. what politicians do something anything. they put themselves on the line. to get accepted or rejected. so when you want to be president i'm sure. more so more want to listen. to the right to be trusted this is what the four three in the morning can't be good. i'm interested always in the lawyers in the house. they're sitting. on. a shot i took it up on a soldier that i. was honestly had left and i thought this was one. of those usha. uthup. that you just can't get down say not just a second there. was no matter how much that you who committed the classics says there was nothing and never was never come close to any. you know world of big partisan movies logs and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door. and shouting past each other it's tim

for this edition of the kaiser apart with me max kaiser and stacy herbert want to thank our gas karl denninger of market hyphen ticker dot org if you want to catch us on twitter it's kaiser report until next time i'll. on the. whole shot i had to get up on soldier that i. wasn't. also because. there's a militia. in it and it doesn't say that a second how names have a prisoner and our captain who committed the passage says it was and it never was enough to post but. in a world of big partisan loftus and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. to get up off the ground serve begin to. hurt themselves on the sounds of men and maybe the grown man with misleading essentially. through his return. to push through away from the officer. of his group. they obviously did a kind of lunge for the web in one smi