tag:blogger.com,1999:blog-2761684730989137546.post513228000649415859..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Cross-post: Warren Mosler — Rogoff and Reinhart NYT responsemike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2761684730989137546.post-56087584497548082522013-04-27T11:08:14.922-04:002013-04-27T11:08:14.922-04:00It is all politics and not economics at all - poli...It is all politics and not economics at all - politics of the 1% against the rest. It is part of the brain washing process of the 99%. The 1% don't ever want the value and usefulness of their private capital for the economy and society to be questioned. They are scared of the fact the national currency is a simple public monopoly. They are even more scared if the 99% find out this simple fact. They are scared of democracy when they can't control it.<br /><br />That's all. In order for MMT to be more successful in its popularization, MMT needs to put in action at least the same money the 1% are putting. That's why I wanted for us to be more organized like in a formal organization. I only regret Warren didn’t become a billionaire. ☺<br />Райчо Марковhttps://www.blogger.com/profile/00919970958405073910noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-45700535767289661002013-04-27T06:19:28.413-04:002013-04-27T06:19:28.413-04:00"It is covered in those who are perishing, in..."It is covered in those who are perishing, in whom the god of this eon blinds the apprehensions of the unbelieving" 2 Cor 4:3<br /><br />They are all faithless ("unbelieving") blind and cannot see what is really going on no matter what they may say to your face...<br /><br />We need like $250M and although I believe we would still not be able to ultimately kill it, we could put the all time hurt on it...<br /><br />rsp,<br /><br />Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-25318476670598997202013-04-27T04:05:29.501-04:002013-04-27T04:05:29.501-04:00This is a storm in a teacup. It's a shame for ...This is a storm in a teacup. It's a shame for R&R, because apart from the spreadsheet error, they haven't really done anything wrong.vimothyhttps://www.blogger.com/profile/03640237743360160587noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-20715887103889122252013-04-27T00:41:43.729-04:002013-04-27T00:41:43.729-04:00I side with Rodger Mitchell on this. Many if not m...I side with Rodger Mitchell on this. Many if not most of them know full well what's up. <br /><br />To paraphrase randy Wray, when smart people are involved, if something is a choice between being stupid or being malign, choose malign. <br /><br />And I would add to that, especially when means, motive and opportunity are present.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-36079965233456638732013-04-26T23:32:49.574-04:002013-04-26T23:32:49.574-04:00If they really to know and understand as Mosler cl...If they really to know and understand as Mosler claims, if they really do intimately understand the content of the Innocent Frauds, then we are in big trouble. If they know and understand, then many people "in their circle" know and understand, and are specifically choosing to blatantly lie in person and in scholarship. <br /><br />We're in big trouble if the basic tenets of MMT are understood by the elites and they still force tens of millions of people to needlessly suffer. It's worthy of revolution.JKhttps://www.blogger.com/profile/10304508322452669073noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-53740783358550492912013-04-26T23:09:04.126-04:002013-04-26T23:09:04.126-04:00Vince Reinhart works for the American Enterprise I...Vince Reinhart works for the American Enterprise Institute and Carmen Reinhart and Ken Rogoff were affiliate with Pete Peterson's outfit. That says it all. This was a hatchet job pure and simple. Now that are getting their asses handed to them, as is fitting. But they have no shame.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-29017669302566442932013-04-26T22:34:36.485-04:002013-04-26T22:34:36.485-04:00What I find disturbing about this is the fact that...What I find disturbing about this is the fact that Warren suggests these two were familiar with MMT and seem to know and to have known their work was erroneous all along. That makes them not merely incompetent but frauds, and dangerous ones at that. They come from that same institution of Larry "smartest guy on the planet" Summers. Maybe there's something in the air over there.Jonfhttps://www.blogger.com/profile/08422916863145293925noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-64800111225707317362013-04-26T22:18:59.419-04:002013-04-26T22:18:59.419-04:00I've known Warren Mosler for eleven years. I c...I've known Warren Mosler for eleven years. I consider him a very close friend. He's taught me everything I know when it comes to economics and MMT. I have nothing but the utmost respect and admiration for him. I think he's one of the most brilliant people I have ever met and I hold my friendship with him in the highest regard. That is why I am writing this open plea to him. <br /><br />Warren, I can no longer bear the sight of you begging the established mainstream orthodoxy of economic jerks to "be nice and do the right thing." This is beneath you.<br /><br />Sorry, but they don't know. I've met many of these people when I worked at Fox and had conversations with them. Believe me, they don't know it. They refute what you say vigorously and call it nonsense.<br /><br />Warren, I really think you're misreading these people. If they know all your views, why do they keep saying the exact opposite? In essence, they're openly discrediting everything you say. They may say they agree with you, but they are publicly very dismissive of you. That's an outright show of disrespect, or more.<br /><br />And begging these jerks to do the right thing just looks sad. It's beneath you. Please, stop.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.com