tag:blogger.com,1999:blog-2761684730989137546.post8155762244193852147..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: June Sekera — Denial of the public non-market system, and the consequencesmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-91651237544316321602017-12-04T08:14:43.464-05:002017-12-04T08:14:43.464-05:00Those who support government subsidies* for privat...Those who support government subsidies* for private credit/debt creation are enemies of public sector spending. In my experience, that includes ALL MMT and Positive Money advocates, to at least some extent.<br /><br /><i>"Ya can't cheat an honest man"</i> only works with the honest and I see none of those wrt fiat and credit creation advocacy.<br /><br /><br />*e.g. Government provided/backed insurance of private liabilities, including privately CREATED liabilities; exclusive access to inherently risk-free central bank checking accounts for the banks instead of to all citizens, non-negative yields on inherently risk-free sovereign debt, etc.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-83896052451538220852017-12-04T06:33:26.871-05:002017-12-04T06:33:26.871-05:00I agree that the "last sentence is an exagger...I agree that the "last sentence is an exaggeration". I.e. strikes me there is a very simple “theory to explain the nature and dynamics of the non-market public economy”: it’s called democracy.<br /><br />That is, the people want the right to vote at election time for their wishes to override market forces: e.g. most people want state provided free education for kids.<br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com