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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Thursday, January 6, 2022
Don't look Up! has a surprising amount to tell us about economics, much of it useful — Steven Hail
Marianna Mazzucato (public goods/public investment), Stephanie Kelton (MMT) and Kate Raworth (ecological economics).
“ Kelton’s The Deficit Myth describes how modern monetary systems work and demolishes the metaphor of the government as a household”
It’s not a metaphor it’s an analogy ….
https://prowritingaid.com/analogy-vs-metaphor
“An analogy works by creating a logical argument comparing two things to make a point. Unlike the poetic figure of speech in a metaphor which lets one thing stand for another figuratively, an analogy aims to explain something.
An analogy uses two usually unlike things, and draws a conclusion from the direct comparison. It uses logic to present an argument.”
"Metaphor" is a compound Greek word that means "transport." That's all you have to really know.
"Analogous" is another Greek word that means, according to its part of speech, "accordingly," "proportionate."
Lots of Greek words in English. Why? Because English is a derived language -- like the unit "Newton" in physics is a derived unit from the basic units.
Another language that's derived from the Greek is Hebrew. Bet you didn't know that. Not kidding. Ask any old-school rabbi and he'll tell you. And how would he know? It's in the Torah. that's how!
And Greek? Is it derived, too? Greek is a unique language that was forged in the present-day boundaries (give or take 1000's of km sq.) of Greece. All you have to really know or care about. (The place names "Athens," "Corinth," are pre-Greek for example.)
Of course, I could be full of shit here because I am not a linguist (or any academic or professional to brag about) :)
Now, Matt, if you can tell us what the word "asymptote" means without the use of the google, then that will be impressive -- yessiree bob. (hints: a greek word comprised of 3 words; Einstein made it famous.)
“Atlas Shrugged” has a surprising amount to tell us about economics, much of it useful”
ReplyDelete“ Kelton’s The Deficit Myth describes how modern monetary systems work and demolishes the metaphor of the government as a household”
ReplyDeleteIt’s not a metaphor it’s an analogy ….
https://prowritingaid.com/analogy-vs-metaphor
“An analogy works by creating a logical argument comparing two things to make a point. Unlike the poetic figure of speech in a metaphor which lets one thing stand for another figuratively, an analogy aims to explain something.
An analogy uses two usually unlike things, and draws a conclusion from the direct comparison. It uses logic to present an argument.”
MMT: “it’s like points on a scoreboard!”
Inapplicable….
This comment has been removed by the author.
ReplyDelete”Inapplicable”
ReplyDeleteOnly for you. People in general get it.
"Metaphor" is a compound Greek word that means "transport." That's all you have to really know.
ReplyDelete"Analogous" is another Greek word that means, according to its part of speech, "accordingly," "proportionate."
Lots of Greek words in English. Why? Because English is a derived language -- like the unit "Newton" in physics is a derived unit from the basic units.
Another language that's derived from the Greek is Hebrew. Bet you didn't know that. Not kidding. Ask any old-school rabbi and he'll tell you. And how would he know? It's in the Torah. that's how!
And Greek? Is it derived, too? Greek is a unique language that was forged in the present-day boundaries (give or take 1000's of km sq.) of Greece. All you have to really know or care about. (The place names "Athens," "Corinth," are pre-Greek for example.)
Of course, I could be full of shit here because I am not a linguist (or any academic or professional to brag about) :)
Now, Matt, if you can tell us what the word "asymptote" means without the use of the google, then that will be impressive -- yessiree bob. (hints: a greek word comprised of 3 words; Einstein made it famous.)
“ People in general get it.”
ReplyDeleteOh yeah right I know they all get it but there is a “vast neoliberal conspiracy!” working against you…
How do you expect to defeat these people in a dialogic exchange if you don’t even know what the different rhetorical tactics are?
ReplyDeletebtw YOU should be telling ME this…
“ Oh yeah right I know they all get it but there is a “vast neoliberal conspiracy!” working against you…”
ReplyDeleteTry argue without ascribing your self made up shit like your “neoliberal conspiracy” to others.