tag:blogger.com,1999:blog-2761684730989137546.post4879933372318471888..comments2024-03-29T07:30:30.121-04:00Comments on Mike Norman Economics: Deficit is $930 bln. Why are all the prominent MMTers silent on this? They should be cheering, no?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-2761684730989137546.post-27705592180661699422019-08-21T08:29:17.439-04:002019-08-21T08:29:17.439-04:00"Our MMT A-team"
Politicians are never ..."Our MMT A-team"<br /><br />Politicians are never "A Team!" of anything... Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-27976188759089166612019-08-20T15:02:31.215-04:002019-08-20T15:02:31.215-04:00For Heinlein fans, a few interesting posts by '...For Heinlein fans, a few interesting posts by 'Anonymous said...'<br /><br />http://londonbanker.blogspot.com/2011/09/testimony-of-marriner-eccles-to.html<br /><br />hoonosehttps://www.blogger.com/profile/02907514852500776990noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-17000109416165873742019-08-20T09:55:40.201-04:002019-08-20T09:55:40.201-04:00The right size deficit depends on private sector s...The right size deficit depends on private sector savings desires, I was told by senior MMT officials. Not exactly sure how to measure savings desires but I think the yield curve, stock market and things like this are real time proxies of the need for financial saving.Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-10952904679780635082019-08-20T01:18:29.355-04:002019-08-20T01:18:29.355-04:00Our MMT A-team doesn't owe Donald Trump any re...Our MMT A-team doesn't owe Donald Trump any recognition for anything. Why would they risk their good will by casting their pearls of wisdom before swine?Richardhttps://www.blogger.com/profile/12564324971796656723noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-64606306873165030512019-08-19T21:53:23.525-04:002019-08-19T21:53:23.525-04:00Kelton said on CNBC months ago that the US economy...Kelton said on CNBC months ago that the US economy is resilient. Mosler’s bearish views started in the Obama era. That is hardly partisan politics. He actually spoke positively of Mike Norman’s brief presidential campaign, and that was after he was attacked on this site. <br />Carlitoshttps://www.blogger.com/profile/11826941680665571495noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-85482096803738260132019-08-19T21:18:11.394-04:002019-08-19T21:18:11.394-04:00And now Trump is considering a payroll tax cut to ...And now Trump is considering a payroll tax cut to fend off the recession he says isn’t coming. Using payroll tax reduction to fight recession......... textbook MMT. Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-29261492885159300902019-08-19T16:10:30.655-04:002019-08-19T16:10:30.655-04:00They've already written that, as I put it, mas...They've already written that, as I put it, massive deficits are the Republican Party's only good policy. It's not just about the deficit. It's about spending our money to buy Republicans reckless witless evil, instead of spending our money for #GreenNewDeal #JobGuarantee #UBI #EndPoverty #infrastructure #welfare #EducationForAll #MedicareForAll #EndWars #TroopsHome #BustBanks #NetNeutrality and so on.Janus Danielshttps://www.blogger.com/profile/12981743536566021146noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-33422670010038758232019-08-19T13:05:34.934-04:002019-08-19T13:05:34.934-04:00Mike,
Your point about Medicare,Medicaid SS is co...Mike,<br /><br />Your point about Medicare,Medicaid SS is correct I imagine. I haven’t dug down into the numbers so I’ll take your word on it. It makes sense. Let’s see how it all works out once the rethugs get their desired cuts in all those “entitlements”. There are plenty of positions taken by plenty of politicians to make one scratch their head. One could just as accurately ask why conservatives keep demonizing those entitlements when they are the largest driver of GDP/Dow supporting deficits?<br /><br />Why haven’t any of their minions on Fox business been praising the high deficits as driving this “Trump boom”. I believe when asked, Wray and Kelton and co have pointed out how increasing deficits have supported our economy all along since 2008 and have warned against going after entitlements, lest you make those folks use private debt to support consumption Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-36666773238131396632019-08-19T11:34:19.273-04:002019-08-19T11:34:19.273-04:00I'm a nobody MMT'er and have in fact celeb...I'm a nobody MMT'er and have in fact celebrated this very fact. Trump knows debt! <br /><br />Next term Trump the liberal will finally be able to reveal his lasting legacy with even more central spending. Massive infrastructure and/or healthcare related with his name on it for all eternity! Erasing any Obama names of course...hoonosehttps://www.blogger.com/profile/02907514852500776990noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-77566238485022037922019-08-19T11:04:23.827-04:002019-08-19T11:04:23.827-04:00"it's what the deficit funds!"
Clas..."it's what the deficit funds!"<br /><br />Classic...Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-62304585618331471232019-08-19T10:22:55.928-04:002019-08-19T10:22:55.928-04:00The European fiscal situation may be more importan...The European fiscal situation may be more important than the US, at least at the moment. If the increasing talk of fiscal stimulus in Europe comes true, this could be a game changer.peacefulposterhttps://www.blogger.com/profile/17017616293821647500noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-5520891288500767152019-08-19T09:01:19.986-04:002019-08-19T09:01:19.986-04:00Actually, the deficit is from higher spending on 4...Actually, the deficit is from higher spending on 4 things: Social Security, Medicare, Medicaid and Defense. It's not from tax cuts for billionaires. I don't think they'd have a problem with the first three. In fact, they should be cheering those increases, but they're not. mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-45688975320006559512019-08-19T08:48:44.784-04:002019-08-19T08:48:44.784-04:00But don't MMTers emphasize that it's what ...But don't MMTers emphasize that it's what the deficit funds that's important? Tax cuts for billionaires is not seen as useful.Mike Doylehttps://www.blogger.com/profile/08883239399467042838noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-69529543359821562192019-08-19T08:39:37.242-04:002019-08-19T08:39:37.242-04:00Hahahahahaha.Hahahahahaha.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-47199679047076635342019-08-19T08:12:49.887-04:002019-08-19T08:12:49.887-04:00Mike maybe its "deficit too big!" now fo...Mike maybe its "deficit too big!" now for them?????<br /><br />Like before it was "deficit too small!" BUT NOW its "deficit too big!!!"<br /><br />??????? Could be....<br /><br />Maybe they are all now signed up with the Buttigieg campaign????<br /><br />#gettingnowhereMatt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-45144229188728362212019-08-19T08:09:15.710-04:002019-08-19T08:09:15.710-04:00"They say they're not political,"
h..."They say they're not political,"<br /><br />hahahahahahahahaha!!!!!Matt Frankohttps://www.blogger.com/profile/11082502216984169113noreply@blogger.com