Today, on my blog-light day, I have a video of a recent event where I spoke (with other speakers being John Quiggin and Noel Pearson). The event was in conjunction with the Public Health Association of Australia’s annual conference and we are discussing the interface between health and the economy and the right to work and income security. It was an interesting and very civilised discussion. And when you are through watching that, we also have a ‘provocation’ to consider and then some jazz. All the interests of advancing humanity!Bill Mitchell – billy blog
Video – An economy that guarantees health and wellbeing for all
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
1 comment:
Advancing humanity. Really?
Comment on Bill Mitchell on ‘An economy that guarantees health and wellbeing for all’*
Bill Mitchell summarizes: “The event was in conjunction with the Public Health Association of Australia’s annual conference and we are discussing the interface between health and the economy and the right to work and income security. It was an interesting and very civilised discussion. And when you are through watching that, we also have a ‘provocation’ to consider and then some jazz. All the interests of advancing humanity!”
Bill Mitchell conveys the impression that he is a good person and that MMT, of which he is a leading representative, is for the benefit of WeThePeople.
This does not fit together with some facts:
• MMT is provably false at the level of elementary algebra.#1 So, MMT is scientifically worthless and MMT policy guidance has NO sound scientific foundations.
• The (simplified) macroeconomic Profit Law Q=(G−T)−S) implies Public Deficit (G−T) = Private Profit Q. Because of this, the MMT policy of deficit-spending/money-creation is a permanent free lunch for the Oligarchy.#2, #3
• Accordingly, private financial assets grow in lockstep with public debt. The interest on public debt is taxed from WeThePeople for an indefinite time and handed over to the Oligarchy.#4
• Bill Mitchell and his MMT colleagues are NOT scientists but propagandists and #EconBlockers. They constantly violate the AEA Code of Professional Conduct.#5, #6
• MMT is political agenda-pushing for the Oligarchy in a scientific bluff package.#7, #8
MMTers are NOT advancing humanity. They are clowns and useful idiots in the political Circus Maximus.
Egmont Kakarot-Handtke
* Billy blog
http://bilbo.economicoutlook.net/blog/?p=46190
#1 Wikipedia, economics, scientific knowledge, or political agenda pushing?
https://axecorg.blogspot.com/2020/06/wikipedia-economics-scientific.html
#2 MMT: A free lunch for the Oligarchy
https://axecorg.blogspot.com/2018/11/mmt-free-lunch-for-oligarchy.html
#3 Q: How are you going to pay for it? MMT: By stealth taxation!
https://axecorg.blogspot.com/2019/11/q-how-are-you-going-to-pay-for-it-mmt.html
#4 MMT and the unbearable lightness of public debt slavery
https://axecorg.blogspot.com/2020/09/mmt-and-unbearable-lightness-of-public.html
#5 AEA code
https://www.aeaweb.org/about-aea/code-of-conduct
#6 MMT, Bill Mitchell, and the lack of basic scientific integrity
https://axecorg.blogspot.com/2018/08/mmt-bill-mitchell-and-lack-of-basic.html
#7 How Bill Mitchell stalks Jeremy Corbyn
https://axecorg.blogspot.com/2018/08/how-bill-mitchell-stalks-jeremy-corbyn.html
#8 MMT: Corbynism is dead, British Labour is next
https://axecorg.blogspot.com/2019/12/mmt-corbynism-is-dead-british-labour-is.html
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