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Thursday, August 4, 2011

Excellent summary of MMT

Excellent summary of MMT by a "newbie." It's an excellent reference for getting people up to speed on MMT quickly. Lots of links, too. Check it out. What you do think? I was really quite astonished by it.


Update: Johnsville follows up with an excellent post on Proof PlatinumCoin Seigniorage. (h/t Clonal)

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8 comments:

  1. Matt FrankoAugust 4, 2011 at 11:52 AM

    Excellent Tom. You can really see the power of the internet/new media wrt how MMT is going viral....

    Resp,

    PS Tom, much turmoil in markets last few days.... currency interventions, BAC looks ready to break $8, longer dated USTs in rally mode.... hang on.

    I think the moron govt has really painted itself into a political based fiscal corner this time and they may not have the same policy options they had in 2008... scary.

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  2. wh10August 4, 2011 at 1:52 PM

    This blew me away. What a pep rally of a post; got me totally charged!

    Much kudos to whoever wrote that.

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  3. CrakeAugust 4, 2011 at 3:31 PM

    This comment has been removed by the author.

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  4. CrakeAugust 4, 2011 at 3:34 PM

    Maybe it can gain transaction now in mainstream media. For a related example: has anyone else noticed, this week, that Bloomberg, CNBC etc have had many guests talking about jobs, the economy and how both will be hurt by cuts in government spending. While the debt ceiling was being debated, these shows had almost no one voicing an opinion like that and now that the law has been passed, they have many guests opining about the importance and value of government spending.

    Mike, you have been on these shows. Do you know how these editorial/production decisions are made? Who would set (and why) the agenda of not showing those views during the debate but having them aired after the law is finished?

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  5. AnonymousAugust 4, 2011 at 5:05 PM

    Crake, they are preparing a set up for QE3 maybe.

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  6. ClonalAugust 4, 2011 at 5:29 PM

    Johnsville also has an excellent post on "The Trillion Dollar Coin"

    ReplyDelete
  7. Detroit DanAugust 5, 2011 at 12:37 PM

    Thanks for the reference. I recommended the article to numerous friends and family. Maybe after they hear this stuff for the 4th or 5th time it'll start to sink. And the conservative recipients will be impressed by the Rumsfeld reference...

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  8. Detroit DanAugust 5, 2011 at 12:37 PM

    Thanks for the reference. I recommended the article to numerous friends and family. Maybe after they hear this stuff for the 4th or 5th time it'll start to sink in. And the conservative recipients will be impressed by the Rumsfeld reference...

    ReplyDelete