tag:blogger.com,1999:blog-2761684730989137546.post5692573327056702713..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Evolution and egalitarianism — return on cooperation and coordinationmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-2761684730989137546.post-66568463798987738062011-08-09T12:59:29.375-04:002011-08-09T12:59:29.375-04:00I contacted Warren on his site and Cullen via emai...I contacted Warren on his site and Cullen via email linking them here. I don't know how to reach Marshall.Райчо Марковhttps://www.blogger.com/profile/00919970958405073910noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-82148319137305473832011-08-09T12:33:54.667-04:002011-08-09T12:33:54.667-04:00Also Mike Norman - our host.Also Mike Norman - our host.Райчо Марковhttps://www.blogger.com/profile/00919970958405073910noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-24973791380643581742011-08-09T12:31:01.961-04:002011-08-09T12:31:01.961-04:00Yes, Warren, Marshall and also Cullen Roche I thin...Yes, Warren, Marshall and also Cullen Roche I think. Well we should contact them. <br /><br />The eventual MMT fund managers are definitely of most importance for such an endeavor, however we can't ask from them to find and organize the MMT investors-donors and here would be our role.Райчо Марковhttps://www.blogger.com/profile/00919970958405073910noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-56817773046463263352011-08-09T12:18:42.895-04:002011-08-09T12:18:42.895-04:00rvm, Thanks for the great idea and for the hat tip...rvm, Thanks for the great idea and for the hat tip. However, I'm no hedge fund manager; so I'm not sure I can get this done. <br /><br />I guess the Obvious candidates are Warren and Marshall.Letsgetitdonehttps://www.blogger.com/profile/07607539419260450949noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-55783206107770367542011-08-09T12:05:45.363-04:002011-08-09T12:05:45.363-04:00Some MMT'ers are hedge fund managers. I would ...Some MMT'ers are hedge fund managers. I would recommend asking them what they think about the idea.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-83678096925330124572011-08-09T11:47:11.794-04:002011-08-09T11:47:11.794-04:00Tom, if you are saying it still could be done in s...Tom, if you are saying it still could be done in such ways we should do it,<br />or at least try. I am ready to put all my energy and free time. <br />Maybe we have to contact Joe Firestone and let's get it done :-)<br /><br />Funding is very important - we are not the federal government.Райчо Марковhttps://www.blogger.com/profile/00919970958405073910noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-79097086105071362472011-08-09T11:40:22.930-04:002011-08-09T11:40:22.930-04:00Tom or others make a post about rvm's idea. I...Tom or others make a post about rvm's idea. I am willing to put in money. I have been having similar thoughts. An in paradigm investment fund for the followers of MMT.Adam2https://www.blogger.com/profile/03710514839937913226noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-29617451579221820732011-08-09T11:21:53.149-04:002011-08-09T11:21:53.149-04:00I have been involved in nonprofits and have seen h...I have been involved in nonprofits and have seen hedge fund managers that want to support a cause, its work and its people not only donate but also run a dedicated low entry fund open only to members.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-21254136766155192011-08-09T10:36:09.404-04:002011-08-09T10:36:09.404-04:00So hedge fund is out of question for prospective M...So hedge fund is out of question for prospective MMT investors – we aren't rich enough. :-(<br /><br />http://richard-wilson.blogspot.com/2008/03/who-can-invest-in-hedge-funds.html<br /><br />Any other options besides Matt's?<br /><br />Matt, $200M = 40k people x $5k on average or whatever other suitable variation.Райчо Марковhttps://www.blogger.com/profile/00919970958405073910noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-37727839970634787892011-08-09T09:38:41.033-04:002011-08-09T09:38:41.033-04:00RVM,
Or perhaps open the only "in paradigm&q...RVM,<br /><br />Or perhaps open the only "in paradigm" Primary Dealer for USTs.<br /><br />Ive looked into this and Treasury requires $200M capital, (so of course I'm coming up about 199.9 short ;)<br /><br />But if there is money to be made as a PD, I would think if you were the only PD in paradigm, it would have to be some sort of advantage within that segment of the industry...<br /><br />Resp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-13354839275359419662011-08-09T09:03:51.902-04:002011-08-09T09:03:51.902-04:00rvm: "This morning I was thinking if all of t...rvm: "This morning I was thinking if all of the MMT-people around the world invest in a newly created hedge fund or whatever money management entity, which will be operated by some of the MMT stars."<br /><br />Sounds good to me. Any MMT hedge fund mgrs out there that are interested?Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-89600521427654061522011-08-09T07:05:24.268-04:002011-08-09T07:05:24.268-04:00@Tom Hickey
Tom, something unrelated to the blog....@Tom Hickey<br /><br />Tom, something unrelated to the blog.<br /><br />This morning I was thinking if all of the MMT-people around the world invest in a newly created hedge fund or whatever money management entity, which will be operated by some of the MMT stars. <br /><br />I don't know how many of us are there today around the world, but I am pretty sure everybody with some money will be trilled to invest and be part of such project. <br /><br />And maybe something like 50% of the returns on investments will be going directly for MMT purposes, like commercials, TV time, why not political elections. Kind of let's make MMT work for itself.<br /><br />What do you think?Райчо Марковhttps://www.blogger.com/profile/00919970958405073910noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-31144770165087398162011-08-09T00:12:45.489-04:002011-08-09T00:12:45.489-04:00As the amount of resources an individual has so do...<i>As the amount of resources an individual has so does the amount of allocative errors</i><br /><br />*As the amount of resources an individual has increases, so does the amount of allocative errors.<br /><br />SorryShaun Hingstonnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-88490246303027837572011-08-09T00:08:15.778-04:002011-08-09T00:08:15.778-04:00Tonight on PBS we had Charlie Rose with :
Steve R...Tonight on PBS we had Charlie Rose with :<br /><br />Steve Rattner - "expert on car mfg"<br /><br />Bill Sahlman - of Harvard Uni.<br /><br />Nouriel Roubini - Mr. Infrastructure<br /><br />Bill Gross : PIMPco<br /><br />Steve Rattner rattled that the "USA owes China $2 Trillion"<br /><br />It just strikes me again how stupid and out of paradigm these egg heads are.<br /><br />Does the USA still owe Warren Mosler his money via some bank that it is credited in ? <br /><br />Does the USA still owe Buffett his piggy bank(s)?<br /><br />Does the USA still owe all American's their savings ?<br /><br />NO NO NO NO and NO<br /><br />They already EARNED the monies and deposited them into accounts, and for China that means a treasury bank account - it's just a special bank account.<br /><br />THE FACT IS THAT THEY ARE NOT SPENDING IT AND CREATING HEAT IN THE ECONOMY.<br /><br />DITTO FOR OPEC<br />FOR UK<br />FOR JAPANESE<br />FOR ALL THE REST OF THE HOARDERS WHO ARE SAVING AND NOT SPENDING.<br /><br />WHEN WILL THIS LUNACY STOP ?<br /><br />FAR*#$*&#*$&*#$ !!!!<br /><br />WE DON'T OWE THEM TWICE ...<br /><br />THEY DID NOT GIVE US ANYTHING ...<br /><br />PRINTING MONEY ? NO ! NOT PRINTED ENOUGH TO BEGIN WITH IN ANTICIPATION OF THE GOODS ( TOXIC AND WITH LEAD ) COMING IN THE DOOR.<br /><br />FOR EVERY DOLLAR WE SPEND ON THEIR CRAP, IT IS A DOLLAR INTO THEIR PIGGY BANK - THEIR TREASURY ACCOUNT.googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-61706267980486440402011-08-09T00:07:33.109-04:002011-08-09T00:07:33.109-04:00I think there is an economic reason for equality. ...I think there is an economic reason for equality. Allocative efficiency.<br /><br />As the amount of resources an individual has so does the amount of allocative errors. Let each person on average have the same allocative capacity. Then to minimize the allocative errors each individual must have an equal amount of resources. <br /><br />Bamm! <br /><br />Elements left out(by may write about later) include specialization, environmental threats that justify disproportional allocation of resources towards specialists, and training.<br /><br />shaun.hingston@hushmail.comShaun Hingstonnoreply@blogger.com