An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
"The question of why evil and suffering exist despite the supreme benevolence is a mystery that no science, religion or other discipline has so far been able to elucidate. We just have to accept it, without departing from the fundamental hypothesis of benevolence."This is a tough one Tom, the toughest imo.Perhaps the ultimate "test" of subjection.Resp,
As distinct from physics casting light on economics, here is a Prof. of computer science casting light on economics. He actually advocates the Abba Lerner form of stimulus, i.e. having the government / central bank machine create money and spend it into the economy in a recession (and/or cut taxes). So his idea should meet with approval from most MMTers.http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1977688
http://www.youtube.com/watch?v=yoZV5jt9puc&feature=player_embedded#! Please let me know why Mike Norman miscalculated so badly.Thanks,Greg
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