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.
Channeled, discipline anger leads to motivated hope.
Neil, I really appreciate the stuff you do on UK sectoral balances; powerful visual, and the labour market stats.
Given how much of a desert our body eco-socio-political economic is, perhpas we need to get UK MMTers together. As we are so weak do we have to include near travellers like Chris Cooke, Ann Pettifor and any other names you can think of?
I am with you Mike. It might not be appropriate for the generals (academics) but for foot soldiers, smack them! Display their ignorance, no matter who they are. Even the austrian School leaders (so called academics) display their ignorance relentlessly. Bob Murphy and bank reserves causing inflation, money multiplier etc, oh yeah? Hayek: capital becomes more expensive when US government borrows, oh yeah? MMT shows how It works, these guys are not even close and if they don't understand financial system, how can they understand economics? Smack them, they have no arguments!
5 comments:
In the words of Yoda.
"Anger leads to hate, and hate leads to suffering".
We don't need to get angry. We need to Get Real.
Government spending and tax cuts always pays for themselves. Let the other side try and explain why it doesn't and watch them argue against savings.
Let's avoid the Dark side and concentrate on the Real side. It's the real economy that matters, and there we have a manpower surplus!
Channeled, discipline anger leads to motivated hope.
Neil, I really appreciate the stuff you do on UK sectoral balances; powerful visual, and the labour market stats.
Given how much of a desert our body eco-socio-political economic is, perhpas we need to get UK MMTers together. As we are so weak do we have to include near travellers like Chris Cooke, Ann Pettifor and any other names you can think of?
Good idea Will
There was talk of a european meet up this year a while ago but nothing more has been mentioned (they were talking about Rome)
Give 'em hell Mike!
I am with you Mike. It might not be appropriate for the generals (academics) but for foot soldiers, smack them! Display their ignorance, no matter who they are. Even the austrian School leaders (so called academics) display their ignorance relentlessly. Bob Murphy and bank reserves causing inflation, money multiplier etc, oh yeah? Hayek: capital becomes more expensive when US government borrows, oh yeah? MMT shows how It works, these guys are not even close and if they don't understand financial system, how can they understand economics? Smack them, they have no arguments!
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