Thursday, March 8, 2012
Randy Wray — Disagreements Among Reasonable People: Response To MMT For Austrians #3
This post is more conciliatory. Actually, it sort of comes around to where John Carney started out at Net Net, in suggesting that MMTers and Austrians should explore what they share in common, like opposition to collusion of government and business, instead of concentrating on differences, where they will likely never agree. Randy also suggests that there is no contradiction involved in Austrians accepting MMT operational description of the existing monetary system, as Edward Harrison has done and apparently John Carney also.
Randy also deals with who is welcome and who is not. It's a matter of distinguishing those interested in sincere debate from those who are just trolling, some of whom are probably employed to do so while others just want to disrupt activity they don't like. While Randy doesn't say it, the remedy is not to feed the trolls and to ban the ones that persist in being uncivil after being warned. Many of these people claim to be Libertarians, but they seem to want to impinge on others' freedom of expression by flooding a debate with irrelevance, making it difficult to carry on debate on in that kind of environment due to the sheer volume of distraction. Fortunately, we haven't run into that problem here, and we have some Libertarians and Austrians who are welcome and included.
Read it at New Economic Perspectives
Blog #39 Disagreements Among Reasonable People: Response To MMT For Austrians #3
by L. Randall Wray