An MMT site bringing you dogma-free economics without the pleadings of self interest
Again, regarding option two (where the money will come from for the salaries of government employees) - buying back government debt by the Fed does not introduce new money to the economy, don't you think?
Great post. I'm sharing this whole series with everyone I know who care about such things.
I should also say that the clip was great - easily accessible model of the economy (one employer, some employees and government). No doubt we need more such clips in the future!
This is a good start; just hope the authors will continue to this effort and address the multitude of MMT-related aspects of the macro-economy with such clarity.
Great idea, but the narration sucked. How about a take two. Get some TCU Drama Dept. guy to help out. Sorry to be critical, but a good friend will tell you if you have a hanging booger.
I feel very honored you posted this. Thank you Mike Norman.
@Chewitup, you're right regarding the narration. I'm dyslexic, and its very hard for me to read out loud smoothly. I had to edit the audio heavily to take out pauses where I'd memorize the sentence before I spoke it, took forever to do. I'll try to find someone with a deep baritone voice that commands respect to do the next video (if I make one). Also this was my first stab at flash. Next try should be better. :)
You have nothing for which to apologize, Tschäff, you did an excellent job and I remain thankful to you for the hard work you put into making my blog post a living, breathing testament to Post Keynesian economics! When I am in Chicago next year for the ASSA meetings, I'll buy you a beer!
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