tag:blogger.com,1999:blog-2761684730989137546.post3502110322566124476..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Michael Roberts — The Green New Deal and changing Americamike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-76979389590040325382019-02-10T01:36:26.496-05:002019-02-10T01:36:26.496-05:00Links on Michael Roberts’ ‘The Green New Deal and ...Links on Michael Roberts’ ‘The Green New Deal and changing America’<br /><br />Calgacus cites: “Many of the MMT school don’t appear to understand (or at least don’t admit) that the very existence of MMT as a body of knowledge directly opposes ruling capitalist class interests.” and comments “Ohh, they almost all understand and admit it. They’re just quiet about it.”<br /><br />To speak of MMT as a “body of knowledge” is a silly joke. MMTers have not even understood that their foundational sectoral balances equation is false. Descriptions of the operational details of Treasury/FED interactions are useful information but NOT scientific knowledge.<br /><br />To maintain that “MMT directly opposes ruling capitalist class interests” is either self-delusion or fraud. Because of the macroeconomic Profit Law, i.e. Public Deficit = Private Profit, MMT policy of deficit-spending/money-creation guarantees a permanent free lunch for the Oligarchy. For details see<br /><br />Keynes, Lerner, MMT, Trump and exploding profit<br />https://axecorg.blogspot.com/2017/12/keynes-lerner-mmt-trump-and-exploding.html<br /><br />Fraud comes always in the garb of charity, salvation, or imminent doom<br />https://axecorg.blogspot.com/2019/02/fraud-comes-always-in-garb-of-charity.html<br /><br />Socialism and scientific incompetence<br />https://axecorg.blogspot.com/2019/02/socialism-and-scientific-incompetence.html<br /><br />MMT and Marxism ― blather as immunizing stratagem<br />https://axecorg.blogspot.com/2019/02/mmt-and-marxism-blather-as-immunizing.html<br /><br />Egmont Kakarot-HandtkeAXEC / E.K-Hhttps://www.blogger.com/profile/10402274109039114416noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-5995718372980480012019-02-08T16:30:11.363-05:002019-02-08T16:30:11.363-05:00It is true that policy is limited by the availabil...<i>It is true that policy is limited by the availability of real resources and that any plan must include how the necessary real resources will be supplied and deployed effectively and efficiently, with the priority on effectiveness.</i> Tom Hickey<br /><br />With the banks and the rich getting richer and their victims getting wage-slavery.<br /><br />Also ignoring the fact that it is government-privileges for the banks and the rich that are the cause of environmental damage to begin with - being the root cause of a desperate "rat-race" to the bottom in order that usury may be paid on debt created from thin-air.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.com