tag:blogger.com,1999:blog-2761684730989137546.post3620416119135697499..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Dale Pierce — What Is Modern Monetary Theory, or "MMT"?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2761684730989137546.post-27611593300332852702013-03-18T14:15:19.994-04:002013-03-18T14:15:19.994-04:00Thanks to "Lord Keynes", we will never h...Thanks to "Lord Keynes", we will never have to endure another BS statement from Keynesians and MMTers like this one from Dale Pierce:<br /><br /><i>Under the gold standard, and largely because of the gold standard, the capitalist world endured eight different deflationary slumps severe enough to be called “depressions.”</i><br /><br />LK demonstrates that <b>THE CLASSICAL GOLD STANDARD ERA WAS A MYTH</b> precisely as described for the last 50 years by Murray Rothbard:<br /><br />http://socialdemocracy21stcentury.blogspot.com/2013/03/the-classical-gold-standard-era-was-myth.html#comment-form<br /><br />This is excellent. This is like when Daniel Kuehn’s paper on the 1920 depression was consistent with the Rothbardian analysis of WWI:<br /><br />http://factsandotherstubbornthings.blogspot.com/2013/01/poor-kid-was-just-couple-years-too.html?showComment=1358998365568#c2813953362544372035<br /><br />I’m bookmarking this and also keeping a copy for reference.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.com