tag:blogger.com,1999:blog-2761684730989137546.post131118363992648722..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Social Moneymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-41119021622127041112011-06-20T01:41:45.346-04:002011-06-20T01:41:45.346-04:00http://www.princeton.edu/~pkrugman/
keynes_and_th...http://www.princeton.edu/~pkrugman/<br /><br />keynes_and_the_moderns.pdfgoogleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-36811095322226541642011-06-20T01:40:11.520-04:002011-06-20T01:40:11.520-04:00Krugman is dressing up MMT in Keynes' clothing...Krugman is dressing up MMT in Keynes' clothing in his blog :<br /><i><br />"<br />The bottom line, then, is that the plausible-sounding argument that debt can’t cure debt is just wrong. On the contrary, it can – and the alternative is a prolonged period of economic weakness that actually makes the debt problem harder to resolve."</i><br /><br />http://www.princeton.edu/~pkrugman/keynes_and_the_moderns.pdfgoogleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-11929152733356174332011-06-18T20:36:53.599-04:002011-06-18T20:36:53.599-04:00I think I said before here a while ago that the PI...I think I said before here a while ago that the PIIGS in Eurozone should keep the euro but also float a local currency to help barter goods and services to deal with the austerity.<br /><br />Greece has a 350 billion deficit.<br /><br />Supposedly the outgoing conservatives of the previous administration stated the deficit at 5% but it was really 15% after the then newly elected Papaandreao inspected the real economic condition of Greece.<br /><br />Sounds familiar as when Bush W left office with the economy in shambles.<br /><br />Clinton left with a fake surplus, but at least that surplus illustrated that MMT was about since borrowing from Soc Sec was not a really bad thing<br /><br />Even if Clinton didn't have a surplus the deficit would have been a healthy one.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-35272204781119206102011-06-17T12:50:49.971-04:002011-06-17T12:50:49.971-04:00There's no indication they have to agree on wh...There's no indication they have to agree on what to spend it on, the article says they can spend it separately.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-81530787094743033942011-06-17T11:43:42.960-04:002011-06-17T11:43:42.960-04:00That's what I want in my currency. The necessi...That's what I want in my currency. The necessity of meeting the person holding the other half of my note and then arguing over what we get to spend it on. This is why partnership interests are valued at a discounted rate. I give it three months until the novelty wears off..Anonymousnoreply@blogger.com