tag:blogger.com,1999:blog-2761684730989137546.post4529174255568566424..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Practitioner's Guide to MMT: Parts 1 & 2 — Kevin Muirmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-85384637859759719492019-11-30T09:12:44.207-05:002019-11-30T09:12:44.207-05:00“governments always spend first and that bond issu...“governments always spend first and that bond issuance is simply a way of controlling inflation and altering private sector behaviour.”<br /><br />The bonds are savings.... not a tool to coerce behavior...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-54549757754154179922019-11-30T09:04:54.309-05:002019-11-30T09:04:54.309-05:00“Remember back to Stephanie’s comment that the gov...“Remember back to Stephanie’s comment that the government could spend money it doesn’t have and it didn’t even need to issue bonds? Well, in essence this is what the Japanese government is doing. ”<br /><br />Well then what is she complaining about???Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-20651403972317134792019-11-29T19:02:41.923-05:002019-11-29T19:02:41.923-05:00If taxation creates unemployment in the currency o...If taxation creates unemployment in the currency of account, should it?<br /><br />Taxation does create unemployment. Descriptive.<br /><br />SHOULD IT? PRESCRIPTIVESenexxhttps://www.blogger.com/profile/07344278873799858867noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-29381187411754172152019-11-29T18:42:34.056-05:002019-11-29T18:42:34.056-05:00You are too generous Tom, but thanks for reading a...You are too generous Tom, but thanks for reading all that, and saving me the trouble.<br /><br />From your review Muir sounds like just another 'investor', capital owner class guy who can't get past justifying his personal greed or some other personal vanity.<br /><br />The JG is a key element of MMT thinking, to achieve full employment and price stability.<br />It is not some mere 'social add-on, as Muir would doubtless like us to believe.<br /><br />And as Mitchell shared with us recently, JG has been there right from the beginning, for macro stability. Warren and Bill arriving at that same conclusion from different perspectives - operations/markets, and macro theory.<br /><br />I'm not going to ever advocate for half the story, MMT-lite which opens the door to a discredited application being adopted as 'MMT' proper. mikehallhttps://www.blogger.com/profile/09888570835764243409noreply@blogger.com