tag:blogger.com,1999:blog-2761684730989137546.post5669105688153063507..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Will Modern Monetary Theory Go Mainstream? — Eric Winogradmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-2574857799103641022019-06-28T19:47:43.089-04:002019-06-28T19:47:43.089-04:00"Our government"?
What current MMT prop..."Our government"?<br /><br />What current MMT proposals offer:<br /><br />1) To increase privileges for the banks to near impunity from market discipline. This will make an unjust system more stable - in the short run.<br /><br />2) To supplement wage-slavery to the private sector with wage-slavery to government.<br /><br /><br />What MMT could be used for instead:<br /><br />1) To reduce banks to 100% private businesses with 100% voluntary depositors.<br /><br />2) To finance a huge one-off distribution of fiat to all citizens equally in conjunction with the progressive abolition of deposit insurance.<br /><br />3) To finance an on-going Citizen's Dividend as the exclusive means of new fiat creation beyond deficit spending.<br /><br />4) To eliminate or at least reduce the trade deficits of monetary sovereigns with negative yields on their inherently risk-free debt.<br /><br />5) To establish the precedence of further non-monetary asset redistribution such as land reform.Andrew Andersonhttps://www.blogger.com/profile/14296407661618321637noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-57969366215300201892019-06-28T15:59:03.840-04:002019-06-28T15:59:03.840-04:00Less big government ruled by the aristocracy, but ...Less big government ruled by the aristocracy, but more democratic government responsive to the majority. Our government!Kaiveyhttps://www.blogger.com/profile/04195639305785321786noreply@blogger.com