More systems.
BTW, MMT seeks to articulate the systems that underlie political economy. It is an institutional approach embedded in a systems approach that acknowledges complexity, e.g., reflexivity, emergence, historical dynamism, and synergy.
The Radford Free Press
More ComplexityPeter Radford
“ It is an institutional approach embedded in a systems approach that acknowledges complexity, e.g., reflexivity, emergence, historical dynamism, and synergy.”
ReplyDeleteNobody knows what any of that is....
More accurately, the MMT School prescribes:
ReplyDelete1) Increased privileges* for the banks and by extension for the most so-called "credit worthy", typically the rich.
2) Wage-slavery to government for the victims of the banks.
What the MMT School SHOULD prescribe but DOESN'T is:
a) an equal Citizen's Dividend to replace all fiat creation beyond that created by deficit spending for the general welfare.
b) debit accounts for all citizens (at least) at the Central Bank or Treasury itself.
c) negative interest on large and non-citizen fiat accounts.
d) the abolition of all other privileges for private depository institutions, aka "the banks", e.g. government-provided private deposit guarantees.
e) land reform to abolish rent slavery.
f) the redistribution of the common stock of all large corporations equally to all citizens.
E) and f) simply recognize that family farms, businesses and the commons have been stolen (e.g. by government privileges for private credit creation) and should be returned to the victims.
*e.g. unlimited private deposit guarantees.
*e.g. unlimited, unsecured loans from the Central Bank at zero percent interest.
Prescriptions with no one to fill them.
ReplyDeleteI won't be authorising a transfer to you Andrew and neither will the majority of the rest of humanity.
ReplyDeleteWhat you need to be explaining is not what you believe you are entitled to, which is nothing incidentally, but what you are prepared to offer others in return for them supporting you.
As it stands you come across as an entitled child in need of a lesson in manners.
Neil the Mosaic Laws provided a guaranteed allotment of the land and other strict rules of ecnomic conduct and AA is just advocating for that thesis...
ReplyDeleteBut to your point just having access to the land didnt mean you didnt have to go out and work farming it... it was more of a job guarantee... but you could just rent it out for a royalty of the produce...
AA wants to just give people munnie... no work requirement... as long as it was substantially less than what people who are working make I think it would still work...
But it would still result in class disctinctions which all the commies here would get their panties all in a bind about...
But "substantially less" = poverty, so it is no different from current welfare payments, and would work not at all.
DeleteWhat you need to be explaining is not what you believe you are entitled to, which is nothing incidentally, but what you are prepared to offer others in return for them supporting you. NeilW
ReplyDeletePious hypocrisy coming from a supporter of government privileges for a private credit for usury cartel.
What I advocate is equal protection under the law wrt to fiat creation and the abolition of privileges for the usury cartel.
And Franko is right, what I advocate has Old Testament (and for that matter New Testament) support so your argument is with the God of the Bible. Are you that confident He doesn't exist or that He winks at theft from and oppression of the poor by their "betters"
Manners? Jesus overthrew the tables of the money changers. Are you going to teach Him manners?
Also, nice try conflating work (good) with wage slavery (a necessary evil at best).