tag:blogger.com,1999:blog-2761684730989137546.post3498235053260639436..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Peter Martin — How to Balance the Government Budgetmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-41661562672942993452014-08-25T14:40:48.544-04:002014-08-25T14:40:48.544-04:00"And they don't understand stock-flow con..."And they don't understand stock-flow consistency anyway and not only think it's possible to have all three sectors in surplus simultaneously but also set this as the goal.<br /><br />So the neoliberal formula is to increase domestic private savings to drive investment, run a balanced budget or even a fiscal surplus for fiscal responsibility, and run an export economy in emulation of "strong" economies like Germany and America as it used to be."<br /><br />Well put Tom...... I keep trying to make the point that these people are morons not nefarious..... if there is any true nefariousness with these people, it is a result of their being morons in the first place...<br /><br />These goals you describe of theirs are manifestly the goals of morons....<br /><br />So what we have here at core is a huge cognitive problem in/around the academe of economics... these people are not trained adequately in quantitative systems to be able to recognize the simple problem you ably describe here...<br /><br />Sorry to be the bearer of bad news to my friends on the political left....<br /><br />rsp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.com