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.
Related,The Mom Cat points us to two items - A Chris Hayes video and a NY Time Economix Blog article - Big Income Losses for Those Near Retirement.Points to the continued decline in median incomes in the GFC and in the subsequent "recovery"
Well done, Jon! Looking forward to more.
Nicely done. Well presented.
Thanks.I just checked to see if there were comments. There are two of them… and they are not being kind. They basically made these two points:1) Weimar2) what I'm proposing caused the problems we're in.Yikes! Unfortunately the comments section only allows a small paragraph. It's hard to respond to comments like those in 100 words or so.
Good opportunity to provide references.1) Bill Mitchell, Zimbabwe for hyperventilators 101http://bilbo.economicoutlook.net/blog/?p=37732) Bill Mitchell, Stock-flow consistent macro modelshttp://bilbo.economicoutlook.net/blog/?p=4870
Tom, thanks for those links. I'll share them.
I decided to share Bill Mitchell's piece on hyperinflation, and this one on national accounting: http://www.creditwritedowns.com/2012/05/why-cant-people-understand-national-accounting.html
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