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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Monday, March 5, 2012
Cullen Roche responds to MMT economists — Things We Never Said…
It's hard to engage in discussions there. Cullen feels free to cut out links in posts that direct people to other sites that might provide context or counter-arguments to what he has to say. He also feels free to label and make accusations about what MMT says or does without any citations or references. In short, it is not a level playing field at the MMR site. It's just not neutral territory in the comments. Take a look at the comment thread to see how things work.
Well, at least we can console ourselves with the knowledge that eventually Cullen's little personal quest will reach a dead end. Either that or he'll revert to being an "austrian".
Actually, I'm taking bets on Cullen becoming an "austrian". Very good odds. Get them while you can.
Top Ten Things I've Learned Over the Last 3 Months:
10. Never, ever call anyone an ideologue on the interwebs. Also known as "the comment that sparked this entire fight". 9. Being socially liberal and fiscally conservative averages out to making one a centrist. And therefore removing all ideology. So sayeth the internets. 8. An entire school of economic thought can be debunked solely through the use of Cntrl-F. Once you find the keyword you are looking for, just run with it regardless of the context in which it was placed. 7. Neil Wilson is apparently the official MMT spokesperson of the interwebs. 6. There is a huge, and I do mean huge, difference between "simple" monopoly and "loose" monopoly. (Air quotes required). 5. Banks create credit. And lots of it. Someone alert Bill Black. 4. Households and businesses can interact in an economy. No, really, they can. 3. Metaphors are serious business. So are business cards. 2. Aforementioned foundational details drive conclusions regarding the role of the government: MMT - JG/ELR; MMR - Bureau of Productivity.
And the #1 thing I've learned:
1. Heteconomist is turning everyone into commies in the dark of the night when no one else is looking. And none of this is about petty semantics, it's all about anagrams. Heteconomist doesn't rearrange to 'Chosen Time To' for no reason, you know.
Or rather, "Things we said but pretended to ourselves that we never said", or as Freud would say: "denial".
ReplyDeletePerhaps Cullen needs a shrink.
It's hard to engage in discussions there. Cullen feels free to cut out links in posts that direct people to other sites that might provide context or counter-arguments to what he has to say. He also feels free to label and make accusations about what MMT says or does without any citations or references. In short, it is not a level playing field at the MMR site. It's just not neutral territory in the comments. Take a look at the comment thread to see how things work.
ReplyDeleteWell, at least we can console ourselves with the knowledge that eventually Cullen's little personal quest will reach a dead end. Either that or he'll revert to being an "austrian".
ReplyDeleteActually, I'm taking bets on Cullen becoming an "austrian". Very good odds. Get them while you can.
Top Ten Things I've Learned Over the Last 3 Months:
ReplyDelete10. Never, ever call anyone an ideologue on the interwebs. Also known as "the comment that sparked this entire fight".
9. Being socially liberal and fiscally conservative averages out to making one a centrist. And therefore removing all ideology. So sayeth the internets.
8. An entire school of economic thought can be debunked solely through the use of Cntrl-F. Once you find the keyword you are looking for, just run with it regardless of the context in which it was placed.
7. Neil Wilson is apparently the official MMT spokesperson of the interwebs.
6. There is a huge, and I do mean huge, difference between "simple" monopoly and "loose" monopoly. (Air quotes required).
5. Banks create credit. And lots of it. Someone alert Bill Black.
4. Households and businesses can interact in an economy. No, really, they can.
3. Metaphors are serious business. So are business cards.
2. Aforementioned foundational details drive conclusions regarding the role of the government: MMT - JG/ELR; MMR - Bureau of Productivity.
And the #1 thing I've learned:
1. Heteconomist is turning everyone into commies in the dark of the night when no one else is looking. And none of this is about petty semantics, it's all about anagrams. Heteconomist doesn't rearrange to 'Chosen Time To' for no reason, you know.
Nice post Trixie :D
ReplyDeleteFinalize it with: it's always about egos.