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Title : Bond Manful Someone Monarch Calls Theory Of Unlimited Deficit Spending A 'Crackpot Idea'
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Bond Manful Someone Monarch Calls Theory Of Unlimited Deficit Spending A 'Crackpot Idea'

Jeffrey Gundlach

So-called bond manly someone monarch Jeffrey Gundlach, the founder in addition to CEO of Doubleline Capital, says Modern Monetary Theory is "complete nonsense."

Gundlach nails it.

"MMT is a crackpot idea... sounds skillful for a get-go grader," he said inward an investor webcast on Tuesday. He said the theory is beingness used to justify a socialist program.

Gundlach added that the "ridiculous" MMT is a means of monetizing in addition to could Pb to "a meaning boycott of long-term bonds"

-RW

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