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, October 8, 2012
Michael Sankowski — The Importance of Being Godley
Short post on fiscal stance and necessity for deficits based on understanding of the account. Good quotes worth filing for future use, too.
Obama: Look, I get the Keynesian thing. But it's not where the electorate is… p. 338.
ReplyDeletehttp://delong.typepad.com/sdj/2012/08/the-buzz-from-michael-grunwalds-book-about-obama-economic-policymaking.html
Let's keep it that way. That would mean that there is still hope for the future.
"In 1971, after taking the United States off the gold standard,[3] Nixon was quoted as saying "I am now a Keynesian in economics"
ReplyDeletehttp://en.wikipedia.org/wiki/We_are_all_Keynesians_now
;p
Ron Paul 2016!
ReplyDelete