An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Wednesday, March 21, 2012
Bloomberg liked my MMT based show idea
Met with execs from Bloomberg TV today and pitched an idea for an MMT-based show. They seemed interested. Will be having some more meetings in the coming weeks to advance this, hopefully.
I hope it has something to do with sectoral balances and an introduction to vertical transactions. Those are just a couple of MMT a-ha moments. There are many others.
But if he spends his time talking about how the various agents in an economy not only can, but DO, interact...or how banks can create a lot of credit 3.5 years after the GFC...I don't think he is going to impress anyone.
And then I will be forced to dub him 'Captain Obvious'.
I cannot understand why the media, political parties, or any other power centre cannot see the writing on the wall and jump onto MMT.
When the Democrats proposed the New Deal (to moderate the horrible effect of the 30s deflation that benefited only the very wealthy) they ended up staying in power for -20- years.
Sweden exited Great Depression first with Keynesian policies of deficit spending. Social Democrats stayed in power for 40 years there. They even had a government public work program in place that got Sweden out of depression.
You go and tell someone about this and he is gonna say: government was the problem
MMT communicates this government deficit=private sector savings very well. That's why I cannot see what the MMR's intention is about attacking this.
"I'm just a fool who's intentions are good" doesn't seem to be the case here
this is something that the public really needs, before it is too late. the myth of the crippling debt needs to be buried(along with the "social security is going broke" lie and we really need single payer, or some sort of real health care reform. not to be a downer, but i wonder how much tptb want the people to know. good luck!
Suggested topic of discussion: Federal budget balancing or cuts during a recession and the effects on states and local governments. http://www.fiscalpolicy.org/nyff-counterbudget-putting-people-first-20120319.pdf
"During recessions, the federal government can cut taxes and increase spending to stimulate the economy. But New York and the other states, unlike the federal government, have to balance their budgets in both good times and bad. Both tax increases and spending reductions make economic recoveries weaker because, to some degree or other, they take demand out of the economy. So, the challenge for state policymakers is to select the mix of spending cuts and tax increases that will do the least harm to their states’ economies."
Thanks for all the support. I would caution, however, that this is still far from happening. Nonetheless, I will continue to press on and try to make it happen...somewhere!
Mike, even if it doesn't happen this time, the interest shows that this is gaining traction. It is going to happen eventually one way or another. Keep plugging away at it.
I've been in contact with Current TV through two channels, but they've been slow to respond. And the contact I have at CNN has been very difficult. I need an agent! No one I have contacted for representation wants to take me on. :(
In the publishing world, it helps a great deal to get an intro to an agent by someone the agent reps. Good agents get bombarded by requests, so a leg up helps. If someone they know an trust effuses about you, they may be be much more willing to listen.
Ed Schultz still does his radio show, from which he was promoted, in addition to his MSNBC cable show, and I think it is still a three hour show,. Rachel Madddow was also picked up for cable from radio, initially for guest appearances on KO's Countdown. Wasn't long after that she had her own show.
Cenk Ugyar began with a self-produced radio show and was picked up by MSNBC, quitting, and then being picked up by Current.
Hot dog!
ReplyDeleteBest news this week!!!
ReplyDeletefingers crossed!
ReplyDeleteRight on Mike
ReplyDeleteThank god. Great news!
ReplyDeleteMaybe you can get Buddy Roemer in a room with you and you can school him up on MMT.
Need to educate OWS.
What idea did you end up pitching Mike?
ReplyDeletesounds promising
ReplyDeleteHopefully they are smart and give a green light.
ReplyDeleteGood god I hope this happens Mike.
ReplyDeleteSome sanity on TV perhaps?!
"What idea did you end up pitching Mike?"
ReplyDeleteI hope it has something to do with sectoral balances and an introduction to vertical transactions. Those are just a couple of MMT a-ha moments. There are many others.
But if he spends his time talking about how the various agents in an economy not only can, but DO, interact...or how banks can create a lot of credit 3.5 years after the GFC...I don't think he is going to impress anyone.
And then I will be forced to dub him 'Captain Obvious'.
I cannot understand why the media, political parties, or any other power centre cannot see the writing on the wall and jump onto MMT.
ReplyDeleteWhen the Democrats proposed the New Deal (to moderate the horrible effect of the 30s deflation that benefited only the very wealthy) they ended up staying in power for -20- years.
to anonymous 2012 6:29 PM
ReplyDeleteSweden exited Great Depression first with Keynesian policies of deficit spending. Social Democrats stayed in power for 40 years there. They even had a government public work program in place that got Sweden out of depression.
You go and tell someone about this and he is gonna say: government was the problem
MMT communicates this government deficit=private sector savings very well. That's why I cannot see what the MMR's intention is about attacking this.
"I'm just a fool who's intentions are good" doesn't seem to be the case here
this is something that the public really needs, before it is too late. the myth of the crippling debt needs to be buried(along with the "social security is going broke" lie and we really need single payer, or some sort of real health care reform. not to be a downer, but i wonder how much tptb want the people to know. good luck!
ReplyDeleteoh yeah, job guarantee would be nice to
ReplyDeleteCongrats, some sanity in the news.
ReplyDeleteSuggested topic of discussion:
Federal budget balancing or cuts during a recession and the effects on states and local governments.
http://www.fiscalpolicy.org/nyff-counterbudget-putting-people-first-20120319.pdf
"During recessions, the federal government can cut taxes and increase spending to stimulate the
economy. But New York and the other states, unlike the federal government, have to balance
their budgets in both good times and bad. Both tax increases and spending reductions make economic recoveries weaker because, to some degree or other, they take demand out of the economy. So, the challenge for state policymakers is to select the mix of spending cuts and tax increases that will do the least harm to their states’ economies."
Thanks for all the support. I would caution, however, that this is still far from happening. Nonetheless, I will continue to press on and try to make it happen...somewhere!
ReplyDeleteMike, even if it doesn't happen this time, the interest shows that this is gaining traction. It is going to happen eventually one way or another. Keep plugging away at it.
ReplyDeleteGreat news. I hope the progress continues. There is much need for this show.
ReplyDeleteBtw- any luck approaching Current TV? Perhaps not an obvious fit, but they are looking at experimenting...
I've been in contact with Current TV through two channels, but they've been slow to respond. And the contact I have at CNN has been very difficult. I need an agent! No one I have contacted for representation wants to take me on. :(
ReplyDeleteMike,
ReplyDeleteI believe Bloomberg also has a radio channel in case they say they cant find any time in the video channel...
Resp,
In the publishing world, it helps a great deal to get an intro to an agent by someone the agent reps. Good agents get bombarded by requests, so a leg up helps. If someone they know an trust effuses about you, they may be be much more willing to listen.
ReplyDeleteEd Schultz still does his radio show, from which he was promoted, in addition to his MSNBC cable show, and I think it is still a three hour show,. Rachel Madddow was also picked up for cable from radio, initially for guest appearances on KO's Countdown. Wasn't long after that she had her own show.
Cenk Ugyar began with a self-produced radio show and was picked up by MSNBC, quitting, and then being picked up by Current.
Great to hear and Good luck!
ReplyDeleteSweet tap-dancing Jesus on Broadway - let it happen, let it happen, let it happen...
ReplyDelete