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.
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Sunday, October 13, 2013
I am the only one, EVER, to get David Walker to admit that Social Security can never become insolvent
Here it is. The clip from my interview with him back in 2008 on my radio show.
There's a lot in there I don't understand but I'd say it's worth reading through anyway just to see what it's about. There's a lot of interesting stuff on post-Keynesian economics and some shout-outs to MMT authors. I wish there was more online discussion about this remarkable book.
He's since refused to discuss it, Mike.
ReplyDeleteOfficial line: That admission never happened. [Because you (or any non-billionaire citizen) don't matter - at least to D.Walker's circle!]
The power of the Mike Norman Invariants - this is one of them.
ReplyDeleteBy the way, you can read Godley and Lavoie's 'Monetary Economics' (2007) online here:
ReplyDeletehttp://dl4a.org/uploads/pdf/Monetary+Economics+-+Lavoie+Godley.pdf
There's a lot in there I don't understand but I'd say it's worth reading through anyway just to see what it's about. There's a lot of interesting stuff on post-Keynesian economics and some shout-outs to MMT authors. I wish there was more online discussion about this remarkable book.
y,
ReplyDeleteYou can get with Ramanan on that book I'd assume if you have questions over at his concertedaction blog...
rsp,