The title is snark, of course.
The only difference between the money system we’ve imagined and the one we are actually using is the terminology we apply to it. We call the government’s particular fiat-money “U.S. dollars.” We call the “Citizen’s Net Gain” our federal budget “deficit.” We call the savings accounts the government makes available to citizens and businesses “Treasury bonds”—and we imagine the government is “borrowing” the dollars being deposited in them. Finally, we call the amount of fiat-money that has been sequestered in the Treasury bond savings accounts our “national debt.” Other than these minor differences in terminology, our American money system is exactly the fiat-money we’ve just imagined....New Economic Perspectives
Wouldn’t it be great if America had a fiat-money
J. D. Alt
Too bad neweconomicperspectives doesn't promote these facts instead of focusing on progressive left-wing shit that none of the Trumpers are going to buy. Christ, what a missed opportunity.* If you want to persuade a populace, talk to them from their POV. Don't try to sell them the kitchen-sink of your political view which has nothing to so with what Warren Mosler was trying to get across to ordinary folk since 1993.
ReplyDeleteneweconomicperspectives has allowed webmaster Devin Smith to promulgate his personal views—and become a go-no-go” moderator of differing view along with that huckster “Michael Hoexster” (Hoexter spelling?) to destroy Stephanie Kelton’s website.
You’ll notice that barely anyone responds with comments anymore. It’s a dead site.
A graduate student at UMKC told me that anyone disagreeing with horrific CAGW at Missouri’s Econ Dept is shunned off campus.
CAGW?
ReplyDelete'GW' : 'Global Warming' ?
ReplyDelete"anyone disagreeing with (insert name of non-STEM discipline Professor here) is shunned off campus."
ReplyDeleteMRW this is simply the way all non-STEM disciplines work... they train students on how to regurgitate dogma... there is no scientific objectivity there...
Wanna get an A ? then regurgitate the Professor's dogmas in your "Papers!" and you get an A...
The whole thing is corrupt and a scam....