tag:blogger.com,1999:blog-2761684730989137546.post2215251818019107965..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: Bill Mitchell — Planning public works – history has a lot to say if we listen properlymike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-45037738794651098792018-01-30T08:05:57.402-05:002018-01-30T08:05:57.402-05:00Cryptoeconomics ― the best of Bill Mitchell’s spam...Cryptoeconomics ― the best of Bill Mitchell’s spam folder<br />Comment on Bill Mitchell’s ‘Planning public works ― history has a lot to say if we listen properly’<br /><br />MMT is a failed approach. Therefore, there absolutely no use to follow the discussion between what Bill Mitchell calls mainstream and progressives. Both sides lack sound scientific foundations, that is, the true theory. MMTers have until this day not realized that their foundational premises/balances equations are provably false.#1<br /><br />Until this day, in their research and communication, economists in general and MMTers, in particular, are not guided by the principles of Science but by the principles of Circus Maximus. As a consequence, in the econoblogosphere, the best stuff is hidden in the spam folders, and what is openly recycled ad nauseam is soft soap, blather, gossip, propaganda, disinformation, and proto-scientific garbage.<br /><br />It is long known that economists routinely violate scientific standards and simply suppress/ignore refutation “In economics we should strive to proceed, wherever we can, exactly according to the standards of the other, more advanced, sciences, where it is not possible, once an issue has been decided, to continue to write about it as if nothing had happened.” (Morgenstern)<br /><br />It is at anybody’s guess to which extent the econoblogosphere is corrupted. The problem, of course, is that spam folders are invisible to the general public. Private censorship is built into the blogging software and works without any traces.<br /><br />Occasionally, there are exceptions. For those who appreciate the privilege of casting a glance into the Bill Mitchell’s spam folder, here is a sample of posts he suppressed over the last twelve month.<br /><br />Full employment through the price mechanism<br />https://axecorg.blogspot.de/2017/11/full-employment-through-price-mechanism.html<br /><br />MMT and the promotion of Wall Street socialism<br />https://axecorg.blogspot.de/2017/11/mmt-and-promotion-of-wall-street.html<br /><br />Everything you know about MMT is wrong<br />https://axecorg.blogspot.de/2017/10/everything-you-know-about-mmt-is-wrong.html<br /><br />MMT, fake science<br />https://axecorg.blogspot.de/2017/08/mmt-fake-science.html<br /><br />MMT: another case of inverted economics<br />https://axecorg.blogspot.de/2017/08/mmt-another-case-of-inverted-economics.html<br /><br />Economics: a hereditary mental disease with scientific incompetence as father and political fraud as mother<br />https://axecorg.blogspot.de/2017/08/economics-hereditary-mental-disease.html<br /><br />Forget Friedman, forget Keynes<br />https://axecorg.blogspot.de/2017/07/forget-friedman-forget-keynes.html<br /><br />Macrofounded labor market theory<br />https://axecorg.blogspot.de/2017/07/macrofounded-labor-market-theory.html<br /><br />Economics is NOT about Human Nature but the economic system<br />https://axecorg.blogspot.de/2017/05/economics-is-not-about-human-nature-but.html<br /><br />Where MMT got macro wrong<br />https://axecorg.blogspot.de/2017/04/where-mmt-got-macro-wrong.html<br /><br />Rectification and generalization of MMT<br />https://axecorg.blogspot.de/2017/02/rectification-and-generalization-of-mmt.html<br /><br />Economics as poultry entrails reading<br />https://axecorg.blogspot.de/2017/01/economics-as-poultry-entrails-reading.html<br /><br />Rethinking MMT<br />https://axecorg.blogspot.de/2016/12/rethinking-mmt.html<br /><br />Needless to emphasize that Bill Mitchell’s billy blog represents not more than the tiny tip of the iceberg. The four main approaches ― Walrasianism, Keynesianism, Marxianism, Austrianism ― are mutually contradictory, axiomatically false, and materially/formally inconsistent. As a result, almost all of the econoblogosphere consists of fake news, attention management, brown-nosing, wrestling exercises, buddy back-scratching, slander, and cheer-leading. MMT is NO exception, it is political agenda pushing with a scientific content of zero.<br /><br />Egmont Kakarot-Handtke<br /><br />#1 For the full-spectrum refutation see cross-references MMT<br />http://axecorg.blogspot.de/2017/07/mmt-cross-references.htmlAXEC / E.K-Hhttps://www.blogger.com/profile/10402274109039114416noreply@blogger.com