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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Thursday, October 10, 2013
The Huffington Post Niall Ferguson On Paul Krugman: 'New York Times Has Lost Control Of Him'
Ferguson throws slimeball on TV. Now the real agenda surfaces. Neoliberal push to take down Paul Krugman and deprive him of his NYT bully pulpit?
I agree with Joe and Y: Ferguson is a simpleton who obviously thinks the debt of a monetarily sovereign country is directly comparable to the debt of a microeconomic entity like a household.
Plus he regularly conflates the debt problems of non-monetarily sovereign countries, like Greece, with those of monetarily sovereign countries, like the US.
Ferguson is embarrassing himself. He has no clue how the monetary system works.
ReplyDeleteI agree with Joe and Y: Ferguson is a simpleton who obviously thinks the debt of a monetarily sovereign country is directly comparable to the debt of a microeconomic entity like a household.
ReplyDeletePlus he regularly conflates the debt problems of non-monetarily sovereign countries, like Greece, with those of monetarily sovereign countries, like the US.