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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


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10 comments:

  1. Peter PanDecember 24, 2023 at 3:09 PM

    Dear Santa,

    Make the public understand MMT.

    Sincerely,

    Peter

    ReplyDelete
  2. Peter PanDecember 24, 2023 at 3:13 PM

    p.s.

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

    ReplyDelete
  3. FootsoldierDecember 25, 2023 at 6:41 AM

    Merry Winter Solstice and a rebirth of the Sun.

    Hope you have A very relaxing break with loved ones.

    ReplyDelete
  4. NeilWDecember 26, 2023 at 4:45 AM

    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.

    ReplyDelete
  5. mike normanDecember 26, 2023 at 8:24 AM

    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.

    ReplyDelete
  6. Matt FrankoDecember 27, 2023 at 7:05 AM

    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…

    ReplyDelete
  7. Matt FrankoDecember 27, 2023 at 7:12 AM

    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…



    ReplyDelete
  8. Peter PanDecember 27, 2023 at 9:12 AM

    The problem is Mike has not taken all their money.

    ReplyDelete
  9. NeilWDecember 28, 2023 at 2:38 AM

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

    Not all of them Matt.

    ReplyDelete
  10. Matt FrankoDecember 28, 2023 at 8:39 AM

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

    ReplyDelete