Wednesday, May 3, 2017

Steven Watson — Modern Monetary Theory (MMT) does not change things in an instant


A new face on the block.

About strategy. Important.

Steven Watson — Education Research, mathematics education, professional learning, education economics, policy and politics.
Modern Monetary Theory (MMT) does not change things in an instant
Steven Watson | Lecturer in the Faculty of Education at the University of Cambridge

17 comments:

Schofield said...

The greatest challenge for mankind now appears to be rescuing democracy from the Received Shallow Opinion!

Ignacio said...

This is a great post and has great points, I've been making some of those points over here for the last 2-3 years...

Must read.

Vincent said...

Might explain why Stephanie Kelton was unable to move Bernie in a more tangible position.

Tom Hickey said...

@Vincent

Agree.

In 7DIF Warren Mosler reports explaining MMT to different politicians. He reports that they agreed but said it was not politically feasible to say it.

Bob said...

Everything is important and nothing gets done.

Bob said...

Go and hold Corbyn's hand. He is in his political deathbed, fading fast.

Ryan Harris said...
This comment has been removed by the author.
jrbarch said...

Neuroplasticity does not work unless there is a current firing up different neurons and pathways ....

jrbarch said...

... and, energy follows thought.

Matt Franko said...

Took me about 10 minutes.....

Matt Franko said...

You can't teach this via concepts ( "money is debt!") or constructs ("banksters!")... which is what they are trying to do... haven't got anywhere in 20 years.....

Matt Franko said...

Oops forgot "deficit too small!"...

Noah Way said...

Warren Mosler reports explaining MMT to different politicians. He reports that they agreed but said it was not politically feasible to say it.

The 800 lb. gorilla is the globalist's death grip on politicians via funding / media. Marine Le Pen is being described in US (neo)liberal media as far right.

franco said...

I think something is starting to form along the lines of public engagement and understanding of economics.

At least in the UK, we have the Rethinking network, and Economy branch off. The RSA has a Citizen's Economic Council which is/was going across the UK holding workshops and lectures, as well as a creating a manifesto of economic policies (or something along those lines) to present to the government.

STF said...

Just FYI . . .the notion that Stephanie hasn't moved Bernie is wrong. What's true is that Bernie knows he has to be careful and choose his moments. And as an FYI, Bernie's far and away not the only member of Congress listening to Stephanie now. Frankly, I think Stephanie's patient, determined, and now ever-accelerating rise during the past few years is the perfect lesson for us all in understanding how to do this. If you don't think that's what's happening, then you know a lot less about what she's doing than you think you do.

TofuNFiatRGood4U said...

So, we are all to become Clinton supporters after all? An unholy union of the JG and a Plutocrats-keep-your-ill-gotten-gains Guarantee (PG)? A 0% rate for business, vetted by Minsky the Great no less, where never the IRS shall tread, so long as they shall live (a very, very, very long time, by the looks of things)?


From "The Creation of the World and Other Business", p28-29:

LUCIFER: Between the two of us, no one will escape the judgement of Heaven
...
GOD: Got to Hell! Now thou art fallen in all thy beauty.
...
LUCIFER: Then I will take the world.

Tom Hickey said...

Thanks for the update, Scott!