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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Sunday, May 6, 2018
Matias Vernengo — On the Blogs -- The Video Edition
One video is by Bill Mitchell, another is by Steve Keen, and another by Immanuel Wallerstein.
Not only did he not know the blance at the central bank stayed the same he actually thought more Euro's were created in that process and not cancelled out.
I see Simon has went on the attack again against Bill and Thomas Fazi
ReplyDeleteThe blog war
https://mainlymacro.blogspot.co.uk/
Put them in a room pair of boxing gloves each for 5 mins.
ReplyDeleteI'd pay to see that.
Tom,
ReplyDeleteI don't use facebook can you put up a live stream for the Mosler v Keen debate
tonight ?
If there is one - Thanks in advance.
I purposely minimize my use of FB and Twitter.
ReplyDeleteNo live stream apart from them then ?
ReplyDeleteI can't believe Steve Keen did not know that in a flexible exchange rate for a transaction to complete you need a buyer and a seller
ReplyDelete£--------------> Euro
£<-------------- Euro
So the amount at the central bank does not change just the name on the account.
Not only did he not know the blance at the central bank stayed the same he actually thought more Euro's were created in that process and not cancelled out.
ReplyDeleteMind boggling stuff.
And his grasp on trade defcits and trade surpluses
ReplyDeleteMind Blowing
I'd hate to see what his models turn out like. Not the real world that's for sure.
Ouch!!!!
ReplyDeleteFoot,
ReplyDeleteNever trained in Accounting...