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.
"The authors do tell students that it can produce “losers” but the problem of such an approach is that it doesn’t appreciate the fact that it leads to polarisation and divergences in fortunes of nations, instead of individuals"
This is because the last 30 years of identity politics (Title7 etc...) has trained most to focus on the individual's identity rather than the national identity...
"the root problem of economics is the total confusion of anyone and everyone on what money is."
Same thing here with the continued use of the figure of speech "money" which does not include national identity.... if you keep using the figure of speech instead of specific nation's terminology, a USD is the same as a EUR... i.e. both are "money" ....
The nation as an identity has been in general decline for at least the last 30 years...
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"The authors do tell students that it can produce “losers” but the problem of such an approach is that it doesn’t appreciate the fact that it leads to polarisation and divergences in fortunes of nations, instead of individuals"
This is because the last 30 years of identity politics (Title7 etc...) has trained most to focus on the individual's identity rather than the national identity...
"the root problem of economics is the total confusion of anyone and everyone on what money is."
Same thing here with the continued use of the figure of speech "money" which does not include national identity.... if you keep using the figure of speech instead of specific nation's terminology, a USD is the same as a EUR... i.e. both are "money" ....
The nation as an identity has been in general decline for at least the last 30 years...
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