tag:blogger.com,1999:blog-2761684730989137546.post7575826616090589222..comments2024-03-27T17:18:23.854-04:00Comments on Mike Norman Economics: Brad DeLong — Yes, expansionary fiscal policy in the North Atlantic would solve many of our problems. Why do you ask?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-23588905900770707872016-03-22T18:58:44.695-04:002016-03-22T18:58:44.695-04:00I can see how MMT could be hard to understand if y...I can see how MMT could be hard to understand if you think in mainstream framework. It just prevents you from understanding It if you don't really think that monetary system is public monopoly and government is the monopoly supplier of currency. That's what they are all trying to do, think about MMT in mainstream famework. IS-LM is garbage, you cannot go MMT with that. Thatõs why they are saying that there is nothing new in It when they look at the accounting: "we knew it before" I think thatõs what's happening, could be little bit of big shot ego thing also. Kristjanhttps://www.blogger.com/profile/09592440548093816331noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-18957492022348338222016-03-22T16:56:46.738-04:002016-03-22T16:56:46.738-04:00"It is not always possible for the government..."It is not always possible for the government to spend freely to attain full employment"<br /><br />It is with the Job Guarantee. They always forget about the Job Guarantee - which is the device that turns the philips curve on its head by employing the buffer stock. <br /><br />They just can't get their head around the idea that when the system is short of flow the government sets the price if it supplies the flow. <br /><br />NeilWhttps://www.blogger.com/profile/11565959939525324309noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-2285224594639821562016-03-22T14:39:43.929-04:002016-03-22T14:39:43.929-04:00He's either slowly getting there or being inte...He's either slowly getting there or being intentionally obtuse because the full logic of Lerner et al is just too damn uncomfortable. As much as it seems to be the latter, it could, just could be the former: decades of ISLaMic fundamentalism, as someone pithily put it, is going to rot your brain.Johnhttps://www.blogger.com/profile/18181631191840432399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-77662466947796405412016-03-22T13:52:58.443-04:002016-03-22T13:52:58.443-04:00"Debt under control": he doesn't und..."Debt under control": he doesn't understand it, neither does SWL, or or all monetarists/new-Keynesian types.Ignaciohttps://www.blogger.com/profile/16082008115484199316noreply@blogger.com