tag:blogger.com,1999:blog-2761684730989137546.post6054087154554738869..comments2024-03-28T20:28:01.733-04:00Comments on Mike Norman Economics: The Prophet Isaiah on Exogenous and Endogenous "Money"mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-2761684730989137546.post-43637108413928079842012-07-26T22:19:28.279-04:002012-07-26T22:19:28.279-04:00Dan thanks... my interpretation may key on the Heb...Dan thanks... my interpretation may key on the Hebrew term for "accounting" here.... seems like they would still have to have had something similar to what we today call "accounting" back then too..<br /><br />Anon1, It may go right over their heads... they seem to be focused on other earthly things ;)<br /><br />Anon2, some have made the point that wars have been provisioned via endogenous "money" also so I guess there are not guarantees..<br /><br />Cult, wtfo?<br /><br />Anon3, no cult here imo....<br /><br />Tom, yes seems truth can be dispensed in different ways...<br /><br />rsp to all,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-19892002887437314992012-07-26T15:23:06.927-04:002012-07-26T15:23:06.927-04:00dI am not an economist, I am a philosopher and phi...dI am not an economist, I am a philosopher and philosophy is the pursuit of wisdom wherever it is found. <br /><br />No one has the ocean in their bucket, even the sages differ in their approaches, since the same ocean can be described differently.<br /><br /><i>ekam sad vipra bahudha vadanti</i> <br />"Being/Truth is one, the sages express it variously."<br />Rig Veda 1.164.46<br /><br />As Uncle Milty (no, not Milton Berle) said, "There is good economics and bad economics." The debates are about distinguishing them, not just picking a narrative that suits one.<br /><br />And you can't just throw one economist against another without showing conclusively how one is right and the other is wrong. Otherwise it is just he-said, she-said.<br /><br />No reason not to criticize MMT or anything else, but back it up with logical proof, empirical evidence, economic reasoning or moral arguent — and keep these straight.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-20779018237267530772012-07-26T14:40:05.992-04:002012-07-26T14:40:05.992-04:00No although i am in favor of MMT i surely hope it ...No although i am in favor of MMT i surely hope it never be a cult.We allready have you Austrian lunatics and it is perfectly enough.But with such as intelligent people like Mike Norman, Tom Hickey etc,very openminded people,i don´t worry about<br />it at all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-65663389452028812452012-07-26T12:17:56.300-04:002012-07-26T12:17:56.300-04:00I wonder what the prophet Mosler thinks about this...I wonder what the prophet Mosler thinks about this. What say ye followers of the great Mosler?Cult_of_MMTnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-75346739829367198922012-07-26T12:00:58.020-04:002012-07-26T12:00:58.020-04:00Given that gold and silver standards created the f...Given that gold and silver standards created the first world war and subsequently the second I can't believe we take in mind what mad people wanting to return to that (or some substitute, like the euro current structure which inevitably will have to mutate) says.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-3904380753742413172012-07-26T11:33:00.134-04:002012-07-26T11:33:00.134-04:00I hope the GOP´ers in the Bible belt read it caref...I hope the GOP´ers in the Bible belt read it carefully :) !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-84247868732866137952012-07-26T09:36:38.776-04:002012-07-26T09:36:38.776-04:00Awesome! ThanksAwesome! ThanksDetroit Danhttps://www.blogger.com/profile/03718490473585220856noreply@blogger.com