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AnxiousHedgehog291 karma

Hi Ray,

Thanks for doing this AMA!

  1. You end your recent piece (https://economicprinciples.org/downloads/MMT_%20MP3_MK.pdf ) by saying "[you] expect some of these policies will occur in the intermediate future, and will probably take many people by surprise." What exactly do you mean by this?
  2. What are some things you have eye on as a possible cause of a recession if one were to occur over the next 5 years?
  3. On the flip side, are there good signals/strong components of our economy that you feel individuals asking about recessions tend to miss?
  4. Do you consider the ongoing budget deficit, outstanding US government debt and/or unfunded liabilities to be problematic?
  5. Do you have any thoughts about:
    1. Forgiving student debt (for example, as proposed here and supported by Elizabeth Warren http://www.levyinstitute.org/pubs/rpr_2_6.pdf )
    2. The ongoing wave of IPOs and/or Softbank
    3. Corporate debt
    4. The China Trade War
    5. Cutting edge technologies, such as Gene Therapy, Self-driving Cars
    6. Mobile applications that make it easier to trade, such as RobinHood
  6. Do you have a favorite macro-economic model (in addition to your economy-as-a-machine model) / textbook / regular book that you'd recommend?
  7. [Just for fun] Any thoughts about the subreddit r/wallstreetbets?

AnxiousHedgehog2-2 karma

Potentially off-topic, but do you have any thoughts about autonomous vehicles (for example, Waymo One) that are operating/being tested around Phoenix/Tempe?