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.
Steve Keen can voice his opinion anywhere. He's smart and very well spoken. When will the MMT people get more aggressive about marketing themselves and getting in the media? They're like a bunch of delicate lambs. You know how I got on TV? I called...producers...everyday and pitched myself. That's it. They NEED people like Keen. If he's too shy or timid to do it, then that's his (and MMT's) problem. All the leaders of MMT are waaaayyy too timid in my opinion.
Anyway, Lauren Lyster is going to YahooFinance and probably getting a hefty pay raise. Demetri Kofinas is probably out on the street. I Tweeted him and he didn't respond. Usually he's very cocky. Seems he just lost some of that cockiness.
I share your view on being aggressive, but it has to make sense: drooling on someone's stumble is not being aggressive, it is being a d#ck ;) I am aggressive all the time, attack NeoKeynesians and others on their blogs when they post nonsense. And yes, I call it by the name: nonsense. Not sure it wins many hearts though, but what the heck. We do have facts on our side.
Even MMTers agree with that statement because they know that precious metals increase in value over time.
Unless you buy into a bubble, like gold in 79-80.
In January 1980 gold hit a record 850 US dollars an ounce. After reaching those dizzy heights it then plummeted down and remained steady in the 300-400 dollar range for some years before starting to climb again to new levels.
We MMT-ers agree that we should use deficit spending to fund research on how to make it possible for humans to eat precious metals, not merely make dildos out of them and stick'em in each other's a$$.
Capital Account is how I first heard of MMT, formally. The show did have diffent points of view, even if it was weighted toward Austrian goldbug types.
reading all this MMT stuff, I have to rethink all of my asset allocation now.
By the way Jim Rogers called for a big correction in gold. As to be expected all the goldbugs are turning on him. He's no longer considered a sane investor by them.
Mike: love your work and blog, but I think you are little too extreme here: Capital Account, as I understand it, actively sought out Keen and Kelton, in response to criticism, whereas most shows are just too lazy to bother. There are:1) opponents, 2) the confused on the way to being allies, and 3) allies. Surely, Lauren Lyster was in the second category. Plus I like her dresses.
tom, pretty dresses and fake eyelashes don't make a good anchor. she is EXACTLY what is wrong with media and journalism today - a packaged product who knows nothing about the subject she is presenting and presenting it through a tainted lens often (or almost all the time) unsupported by facts or analysis. same goes for demetri.
it was a garbage show chock full of propaganda and should never have existed in the first place - obviously fox business was a trailblazer for them. the regulatory regime needs to be changed with respect to the media - and it needs to be done now.
obviously fox business was a trailblazer for them. the regulatory regime needs to be changed with respect to the media - and it needs to be done now.
Yes, this is the way the "news" is going. The model is actually the National Enquirer, of which Roger Ailes must have been an avid reader to learn the ropes of duping the rubes. First lesson: mesmerize the men with tits and ass so their brains turn off.
If you think that MMT can win the argument just because it is analytically correct, more intelligent and functional, and by appealing only to the most intelligent, informed, and sober commentators, you are simply wrong. Mike Norman's irascible public self gets air time because he is entertaining -- MMT's bulldog in elegant suits. So, MMTers (perhaps not the leading lights) need to expose their ideas on popular shows -- a sports show, a light-weight public affairs program, a talk show, the Simpsons. It is a truism that ordinary folk are typically more open to MMT than "educated" economists, so that is where the fight has to be continued. I detest Fox news with a passion, but it is not insignificant that I liked her style. It is a lesson that MMT supporters must learn
Tom, I a completely agree that to put MMT across, the fastest way would be to hire a professional advertising, marketing and PR agency to do the pitch and test the framing, then hire some super-celebrities to pitch it. But first we have to find some angels to fund it.
My bottom line is any media venue that gives a platform to someone arguing against the idea we're running out of money is at least an asset, if not an ally.
19 comments:
Mike,
Reports are that CurrentTV got $500M from Al Jezeera US (for what?!) ... not too shabby!
Perhaps folks over there at the RT are perhaps now looking to unlock some value from that operation and are going to try to step it up a notch...
rsp,
Mike, your website is great and I appreciate your aggressive style, but not when you laugh at the misfortune of others.
Capital Account is where people like Steve Keen could voice their opinion, too bad it is going away.
Peter:
Steve Keen can voice his opinion anywhere. He's smart and very well spoken. When will the MMT people get more aggressive about marketing themselves and getting in the media? They're like a bunch of delicate lambs. You know how I got on TV? I called...producers...everyday and pitched myself. That's it. They NEED people like Keen. If he's too shy or timid to do it, then that's his (and MMT's) problem. All the leaders of MMT are waaaayyy too timid in my opinion.
Geoff,
They'd laugh at our misfortune, believe me.
TAKE NO PRISONERS!!!!!!!
Anyway, Lauren Lyster is going to YahooFinance and probably getting a hefty pay raise. Demetri Kofinas is probably out on the street. I Tweeted him and he didn't respond. Usually he's very cocky. Seems he just lost some of that cockiness.
Matt,
We gotta work on this!!!
Mike,
I share your view on being aggressive, but it has to make sense: drooling on someone's stumble is not being aggressive, it is being a d#ck ;)
I am aggressive all the time, attack NeoKeynesians and others on their blogs when they post nonsense. And yes, I call it by the name: nonsense. Not sure it wins many hearts though, but what the heck. We do have facts on our side.
Even MMTers agree with that statement because they know that precious metals increase in value over time.
Unless you buy into a bubble, like gold in 79-80.
In January 1980 gold hit a record 850 US dollars an ounce. After reaching those dizzy heights it then plummeted down and remained steady in the 300-400 dollar range for some years before starting to climb again to new levels.
We MMT-ers agree that we should use deficit spending to fund research on how to make it possible for humans to eat precious metals, not merely make dildos out of them and stick'em in each other's a$$.
Capital Account is how I first heard of MMT, formally. The show did have diffent points of view, even if it was weighted toward Austrian goldbug types.
Since someone mentioned gold ....
reading all this MMT stuff, I have to rethink all of my asset allocation now.
By the way Jim Rogers called for a big correction in gold. As to be expected all the goldbugs are turning on him. He's no longer considered a sane investor by them.
why watch capitalaccount when you can watch schittreport and read mikenormaneconomics?
Mike: love your work and blog, but I think you are little too extreme here: Capital Account, as I understand it, actively sought out Keen and Kelton, in response to criticism, whereas most shows are just too lazy to bother. There are:1) opponents, 2) the confused on the way to being allies, and 3) allies. Surely, Lauren Lyster was in the second category. Plus I like her dresses.
tom, pretty dresses and fake eyelashes don't make a good anchor. she is EXACTLY what is wrong with media and journalism today - a packaged product who knows nothing about the subject she is presenting and presenting it through a tainted lens often (or almost all the time) unsupported by facts or analysis. same goes for demetri.
it was a garbage show chock full of propaganda and should never have existed in the first place - obviously fox business was a trailblazer for them. the regulatory regime needs to be changed with respect to the media - and it needs to be done now.
obviously fox business was a trailblazer for them. the regulatory regime needs to be changed with respect to the media - and it needs to be done now.
Yes, this is the way the "news" is going. The model is actually the National Enquirer, of which Roger Ailes must have been an avid reader to learn the ropes of duping the rubes. First lesson: mesmerize the men with tits and ass so their brains turn off.
@Tom Hickey @SchittReport:
If you think that MMT can win the argument just because it is analytically correct, more intelligent and functional, and by appealing only to the most intelligent, informed, and sober commentators, you are simply wrong. Mike Norman's irascible public self gets air time because he is entertaining -- MMT's bulldog in elegant suits. So, MMTers (perhaps not the leading lights) need to expose their ideas on popular shows -- a sports show, a light-weight public affairs program, a talk show, the Simpsons. It is a truism that ordinary folk are typically more open to MMT than "educated" economists, so that is where the fight has to be continued. I detest Fox news with a passion, but it is not insignificant that I liked her style. It is a lesson that MMT supporters must learn
Tom, I a completely agree that to put MMT across, the fastest way would be to hire a professional advertising, marketing and PR agency to do the pitch and test the framing, then hire some super-celebrities to pitch it. But first we have to find some angels to fund it.
My bottom line is any media venue that gives a platform to someone arguing against the idea we're running out of money is at least an asset, if not an ally.
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