Sunday, December 24, 2023

Modern Monetary Theory Explained — Steve Burns

For the record. Not the best presentation of MMT, but it takes a positive approach. It is more or less correct, even though there are some major mistakes. So some progress on balance.

Although MMT has kind of faded into the background lately, on the blogs at least, the message still seems to be filtering out there.

New Trader U — Empowering Your Financial Journey
Modern Monetary Theory Explained
Steve Burns


10 comments:

Peter Pan said...

Dear Santa,

Make the public understand MMT.

Sincerely,

Peter

Peter Pan said...

p.s.

I Want An Alien For Christmas
https://youtu.be/WyHE9gw6HdI

Footsoldier said...

Merry Winter Solstice and a rebirth of the Sun.

Hope you have A very relaxing break with loved ones.

NeilW said...

Merry Mithras

Which but for an accident of history from a cult with better PR and marketing is what we'd be calling it.

2024 needs to be the year when we get better PR and marketing.

mike norman said...

Forget about educating people. Use MMT understanding to make money. Take care of yourself, and don't worry if the rest of the world wants to stay ignorant. Anyway, all the main MMT academics have zero charisma and can't sell it for anything. And why should it be sold in the first place? Forget it. Who cares? Frankly, I like that people choose to stay ignorant. Easier for me to make money.

Matt Franko said...

The problem is with the basic academic practice (Platonism) that allows a thesis that is demonstrably and technically false (Monetarism) to still be taught..

It’s not just in the Economics department it’s in at least Biology and Theology too… the new one “Gender Studies” … perhaps others…

“Marketing” or PR isn’t going to solve it … you need major academic reforms…

Matt Franko said...

iow “money printing causes inflation!” is same as “dude with dick and balls is a woman!” is same as “man evolved from the apes by random chance!” etc…

All these are Platonist theses that are being taught while each are technically false…

So the problem is with the academic practice/methodology that results in this…



Peter Pan said...

The problem is Mike has not taken all their money.

NeilW said...

"All these are Platonist theses that are being taught while each are technically false…"

Not all of them Matt.

Matt Franko said...

MMT (Platonist thesis too) states the thesis “deficit too small!” which is technically false…