They need help finding a graceful path to occupying more consistent logic, not just fervor. Fervor is a necessary start, but it's not sufficient. Conflicted logic precludes return-on-coordination?
Do you have additional suggestions for encouraging well meaning people to dig into actual currency operations, not just superficial semantics?
Apparently Marriner Eccles and Beardsley Ruml weren't enough, not to mention Warren Mosler, or Bill Mitchell or Randy Wray or Stephanie Kelton.
This could be critical step in educating tens of millions of citizens, so please be very careful and very encouraging when responding to the originator of this twitter poster.
Vote Democrat ... to support this agenda ..? or help them update it?
I would add 1 word:
ReplyDeleteChange
"Reduce the deficit"
To
"Reduce the foreign deficit"
Maybe also:
Change
"Save Social Security"
To
"Keep Social Security Safe As-is"
Perhaps add:
"Increase the National Deficit"
The term "fiscal deficit" should be changed to "Net National Savings" Since "Federal deficit equals net private savings to the penny"
ReplyDeleteIf we wanted, it would make sense to have the list accurately read
ReplyDelete"Increase Middle Class Savings by Selectively Increasing Public Spending"
We could make that happen, easily, or any other variant ... just as a useful point of discussion.
The word "deficit" just sounds too scary to most people. Lets face it, 99% of the country doesn't know MMT. No major political party is about to embrace a concept that almost no one understands. Its up to us to spread the word, so the mainstream politicians can feel more comfortable advocating for larger deficits, without the usual caveats.
ReplyDeletecorrect, JG, so please quit saying "budget deficit" when discussing group fiat
ReplyDeleteold topic, in need of daily marketing?
http://mikenormaneconomics.blogspot.com/2012/04/semantic-drift-keeping-all-four-wheels.html
more analogies needed
e.g.,
http://mikenormaneconomics.blogspot.com/2013/09/individuals-struggle-with-semantics.html