"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."
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.
The views expressed may contain certain forward-looking statements. Although they are forecasts, actual results may be meaningfully different. This material represents an assessment of the market and conditions at a particular time and is not a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding any security in particular. The opinions expressed here are the author's and do not reflect any opinion of John Thomas Financial, my Broker/Dealer, or any of its Affiliates. Securities offered through John Thomas Financial, Member FINRA/SIPC/NASDAQ. Accounts are carried by Sterne Agee, LLC, Member NYSE/SIPC.
Disclaimer
The views expressed may contain certain forward-looking statements. Although they are forecasts, actual results may be meaningfully different. This material represents an assessment of the market and conditions at a particular time and is not a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding any security in particular. The opinions expressed here are the author's and do not reflect any opinion of John Thomas Financial, my Broker/Dealer, or any of its Affiliates. Securities offered through John Thomas Financial, Member FINRA/SIPC/NASDAQ. Accounts are carried by Sterne Agee, LLC, Member NYSE/SIPC.
3 comments:
"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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