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.
“No claim to sheep increases the number of sheep. But a deposit, though legally only a claim to legal-tender money, serves within very wide limits the same purposes that this money itself would serve.”
Tom Hickey comments: “Schumpeter did not like Knapp’s Chartalist theory.” Can we stop this silly like/dislike nonsense and become serious. Economics is about true/false and NOTHING else. For details see:
There is no like/dislike button in science https://axecorg.blogspot.com/2015/11/there-is-no-likedislike-button-in.html
Love and hate in economics: the PsySoc shell game https://axecorg.blogspot.com/2019/03/love-and-hate-in-economics-psysoc-shell.html
Economics a science? Surely you are joking, Mr. Cochrane https://axecorg.blogspot.com/2019/05/economics-science-surely-you-are-joking.html
2 comments:
My favourite Schumnpeter quote:
“No claim to sheep increases the number of sheep. But a deposit, though legally only a claim to legal-tender money, serves within very wide limits the same purposes that this money itself would serve.”
Links on Dirk Ehnts’ ‘Schumpeter on Knapp’
Tom Hickey comments: “Schumpeter did not like Knapp’s Chartalist theory.” Can we stop this silly like/dislike nonsense and become serious. Economics is about true/false and NOTHING else. For details see:
There is no like/dislike button in science
https://axecorg.blogspot.com/2015/11/there-is-no-likedislike-button-in.html
Love and hate in economics: the PsySoc shell game
https://axecorg.blogspot.com/2019/03/love-and-hate-in-economics-psysoc-shell.html
Economics a science? Surely you are joking, Mr. Cochrane
https://axecorg.blogspot.com/2019/05/economics-science-surely-you-are-joking.html
Egmont Kakarot-Handtke
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