QUESTION: Good Sir, When you say the ‘rich get rich by investments, not wages’ you fail to identify the following wealthy class. CEO’s of corporations, ‘Hollywood’ movie stars, Sports athletes, Recording artists, etc. Regards and continued success, An avid follower LB ANSWER: There are always exceptions, but those who receive big bonuses or high […]
QUESTION: Good day Mr. Armstrong, I have been a student of yours since 2001 and am always amazed at your work. I am not one that can afford to go to your seminars, but would love to know all that you discuss there. Could you write a book about what all is discussed there? My […]
QUESTION: Dear Martin, I appreciate all you share. I watched a series on the Great Depression and they talk about how socialism saved capitalism. If true, is this part of a healthy cycle between the two? Could anything have been done to prevent the Great Depression? Thank you! LB ANSWER: It was not socialism […]
QUESTION: Hello, with all the talk of sanctions in the news against North Korea and Iran, have sanctions against a country ever worked? Aren’t they a pretext that leads to violence and war? Has any country that was developing nuclear weapons ever been prevented from eventually having them? Thanks, Bill ANSWER: Sanctions have never worked. […]
QUESTION: Dear Martin, Whereas for years you have put in a solid 5,000 year data for arguing for no individual taxes yet in countries around the Middle East there is no income tax. Yet they have not made any dynamic economic progress as such. I mean the evidence is seen by us live. How do […]
QUESTION: Marty, at the Rome WEC you put up that chart that showed historically private sector yields have gone below public. That really demonstrated your point on this shift from public to private. Now with Deutsche Bank on the ropes, here in Denmark, even mortgage bonds are going negative. Is this the real panic you […]
The BBC wrote a piece on the failure of economics. “Many non-economists will say that the economists must have been stupid not to realise what was wrong with their subject. All that I’ve set out here should have been obvious,” the article commented. Indeed, the field of economics has been really a disaster because people […]
Socialism has robbed the economic future of millennials. All of the programs have been based upon a Ponzi scheme from Social Security to Obamacare. The entire foundation of socialism is constructed on taking other people’s money. Naturally, they always point the finger at the rich. But the social programs are really based upon one generation […]
QUESTION: Thank you for your great work. I have read this article where Kudlow says: White House economic adviser Larry Kudlow predicted that it is possible the Federal Reserve won’t hike interest rates again during his lifetime: My question is do you think he is right? And what will the consequence be if the interest rate […]
QUESTION: Dear Martin, Would you like to enlighten me on your stance on the Modern Market Theory that is being touted by some in finance and politics please? VV ANSWER: The basis upon which MMT has emerged is actually logical for those who lack the understanding of how to conduct research. Since QE has lasted in […]
