anyone with experience with dan amerman?

By sletteer, November 7, 2011

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his ”turning inflation into wealth” series seems really smart to me. i have wracked my brain for his strategy but all i can think of is real estate and gold. i can’t afford him , or i would spring for it, does anyone know how his ideas are doing or even what they are?
sl

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5 Comments on " anyone with experience with dan amerman?"

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John O'Connell
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John O'Connell
November 9, 2011 10:21 am
I’ve read lots of his free stuff, but haven’t signed up either. The gist of it is that inflation transfers wealth from creditors to debtors, so take out a big fixed-rate loan and pay it off later with depreciated dollars. Residential real estate more or less follows the general price level, so that’s as good a collateral as any for your loan. I don’t know if he thinks the bottom is in just yet, but he says the best time to do it is not at the bottom, but slightly after, in terms of your total real return. However, I’m… Read more »
John
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John
November 10, 2011 2:26 pm
You got me interested in MMT, I went and read a few things on it and an interview with Bill Mitchell. My degree is in Econ. From what little I have read on the new “Keynesian” type of model the reasoning seems to have some large holes that are explained away by saying that deficits can be good and bad. It seems to explain how an economy can operate in a surplus environment at full employment and that enough deficit spending can create full employment. So it works both ways seems a little convenient. MMT sees no downside to huge… Read more »
John O'Connell
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John O'Connell
November 20, 2011 8:52 am
MMT does not advocate inflation. It says that excessive money creation would cause inflation, and that would be bad. MMT critics ignore this, and claim that MMT advocates unlimited money creation. That’s not true. However, with high unemployment the danger of inflation is not in our near future. A large economy requires more money than a small one. Ergo, a growing economy requires a growing money supply. Since money is created by government deficits, a growing economy requires government deficits. Surpluses shrink the money supply, and are not consistent with growth. It’s true, government needs no taxes in order to… Read more »
John O'Connell
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John O'Connell
November 20, 2011 8:55 am

Check out http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf and the rest of that site for more MMT readings.

Mike
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Mike
June 6, 2015 4:54 pm
Hi John, What are your current thoughts on this debate? I think Amerman (and others predicting inflation in the long term) are going to be pretty accurate. Personally, I’ve got the majority of my chips in cash flowing real estate attached to low, fixed rate debt. My view is that nobody can know for certain what will happen because it depends on what course of action politicians & central bankers take. I.e., will there be a return to a commodity based currency (forced upon them by the market); or will there be a continuation of lots & lots of money… Read more »
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