A new face on the block.
About strategy. Important.
Steven Watson — Education Research, mathematics education, professional learning, education economics, policy and politics.
Modern Monetary Theory (MMT) does not change things in an instant
Steven Watson | Lecturer in the Faculty of Education at the University of Cambridge
Steven Watson | Lecturer in the Faculty of Education at the University of Cambridge
17 comments:
The greatest challenge for mankind now appears to be rescuing democracy from the Received Shallow Opinion!
This is a great post and has great points, I've been making some of those points over here for the last 2-3 years...
Must read.
Might explain why Stephanie Kelton was unable to move Bernie in a more tangible position.
@Vincent
Agree.
In 7DIF Warren Mosler reports explaining MMT to different politicians. He reports that they agreed but said it was not politically feasible to say it.
Everything is important and nothing gets done.
Go and hold Corbyn's hand. He is in his political deathbed, fading fast.
Neuroplasticity does not work unless there is a current firing up different neurons and pathways ....
... and, energy follows thought.
Took me about 10 minutes.....
You can't teach this via concepts ( "money is debt!") or constructs ("banksters!")... which is what they are trying to do... haven't got anywhere in 20 years.....
Oops forgot "deficit too small!"...
Warren Mosler reports explaining MMT to different politicians. He reports that they agreed but said it was not politically feasible to say it.
The 800 lb. gorilla is the globalist's death grip on politicians via funding / media. Marine Le Pen is being described in US (neo)liberal media as far right.
I think something is starting to form along the lines of public engagement and understanding of economics.
At least in the UK, we have the Rethinking network, and Economy branch off. The RSA has a Citizen's Economic Council which is/was going across the UK holding workshops and lectures, as well as a creating a manifesto of economic policies (or something along those lines) to present to the government.
Just FYI . . .the notion that Stephanie hasn't moved Bernie is wrong. What's true is that Bernie knows he has to be careful and choose his moments. And as an FYI, Bernie's far and away not the only member of Congress listening to Stephanie now. Frankly, I think Stephanie's patient, determined, and now ever-accelerating rise during the past few years is the perfect lesson for us all in understanding how to do this. If you don't think that's what's happening, then you know a lot less about what she's doing than you think you do.
So, we are all to become Clinton supporters after all? An unholy union of the JG and a Plutocrats-keep-your-ill-gotten-gains Guarantee (PG)? A 0% rate for business, vetted by Minsky the Great no less, where never the IRS shall tread, so long as they shall live (a very, very, very long time, by the looks of things)?
From "The Creation of the World and Other Business", p28-29:
LUCIFER: Between the two of us, no one will escape the judgement of Heaven
...
GOD: Got to Hell! Now thou art fallen in all thy beauty.
...
LUCIFER: Then I will take the world.
Thanks for the update, Scott!
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