tag:blogger.com,1999:blog-2761684730989137546.post5780701347317900113..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Randy Wray — Paul McCulley: MMT Won: Declare Victory But Be Magnanimous About Itmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger39125tag:blogger.com,1999:blog-2761684730989137546.post-515428147226817952012-06-27T00:32:26.661-04:002012-06-27T00:32:26.661-04:00From what I can tell from the online drafts, the M...From what I can tell from the online drafts, the Mitchell-Wray book is designed to be used as a macro textbook, while the Wray book is an more explication of MMT that can be double as a text.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-55571837873514223102012-06-27T00:06:15.925-04:002012-06-27T00:06:15.925-04:00So the Wray/Mitchell textbook is a different thing...So the Wray/Mitchell textbook is a different thing still forthcoming?<br /><br />It's weird because by reading the contents of the Wray-only book it seems to have a wide breadth of topics covered. What will be left to write anew on the double-authored textbook, then?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-30523899151955534362012-06-26T23:38:01.405-04:002012-06-26T23:38:01.405-04:00Ryan thanks... dont tell me a "hedge" fu...Ryan thanks... dont tell me a "hedge" fund??? Ha!<br /><br />"44 "Like is the kingdom of the heavens to a treasure hidden in the field, finding which, a man hides it, and, in his joy, is going away, and is selling all, whatever he has, and is buying that field." Mat 13:44<br /><br />Burying treasure looks like was going on a lot back then...<br /><br />rspMatt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-70664346265002805792012-06-26T23:32:09.358-04:002012-06-26T23:32:09.358-04:00Bill is putting a draft up in installments that co...Bill is putting a draft up in installments that come out on Friday. I've put the first three up here.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-71165046264276836422012-06-26T23:21:20.928-04:002012-06-26T23:21:20.928-04:00What happened to the textbook that Wray was writin...What happened to the textbook that Wray was writing with Bill Mitchell?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-73834081245882082402012-06-26T22:55:22.312-04:002012-06-26T22:55:22.312-04:00Matt, BBC is reporting a giant new hoard of coins...Matt, BBC is reporting a giant new hoard of coins unearthed in the UK and of course it was buried under a hedge row. So it is maybe the very first... Im not going to say it.<br /><br />http://www.bbc.co.uk/news/world-europe-jersey-18579868Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-61746050519748649102012-06-26T09:58:30.663-04:002012-06-26T09:58:30.663-04:00"I dont think being magnanimous about it is g...<i>"I dont think being magnanimous about it is going to get MMT anywhere... will just make it easier on the current mainstream batch of incompetents to maintain status quo and will keep MMT below the radar of broad public awareness..."</i><br /><br />Matt, you totally read my mind. MMTers have already been far too magnanimous in my opinion. And that keeps us marginalized and stepped upon. We have to become warriors. Take no prisoners!!!mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-36423149117319062812012-06-26T07:21:04.218-04:002012-06-26T07:21:04.218-04:00Magnanimous: 1. Courageously noble in mind and he...Magnanimous: 1. Courageously noble in mind and heart. 2. Generous in forgiving; eschewing resentment or revenge; unselfish.<br /><br />1. OK as far as MMTers go..<br /><br />2. It's not up to MMT to "forgive", and it's not like MMT wants "revenge", and MMTers are certainly not selfish...<br /><br />I dont see how "magnanimous" applies here. This is a diversion.<br /><br />"expose, rebuke, entreat, with all patience and teaching." 2 Timothy 4:2<br /><br />Looks to me that we are still in the "expose" phase, and havent even started the "rebuke", and are well in advance of the point of an "entreaty".<br /><br />McCulley's sugggestion to "magnanimously" declare victory is very premature...<br /><br />rspMatt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-13193553831978838652012-06-26T05:37:42.361-04:002012-06-26T05:37:42.361-04:00" Especially since after he retired it is obv..." Especially since after he retired it is obvious that he was the brains at PIMCO given their performance record."<br /><br />I'd like to hear what McCulley thinks about his former boss Gross tweeting "who's going to buy them now?" last year at the end of QE2, and then bonds immediately proceed to rally like over 25%...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-14724127147706829602012-06-26T02:49:00.897-04:002012-06-26T02:49:00.897-04:00have the toys been thrown out of the pram again?
...have the toys been thrown out of the pram again?<br /><br />If nobody picks them up, the little buggers will bawl their eyes out.Carloshttps://www.blogger.com/profile/13384498650711795107noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-44691939761280535422012-06-26T02:05:47.007-04:002012-06-26T02:05:47.007-04:00I'm waiting for FDO's signature "cult...I'm waiting for FDO's signature "cult" signoff, after which he enthusiastically congratulates himself. <br /><br />Popcorn's almost ready.Unforgivennoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-876630050884030542012-06-26T01:29:37.494-04:002012-06-26T01:29:37.494-04:00Phi: "You're an embarrassment."
You...Phi: "You're an embarrassment."<br /><br />You are an embarrassment to yourself.<br /><br />Actually you are just trying to provoke us to take you comments down so you can go back to wherever you came from and say we censored you. <br /><br />Not gonna happen.<br /><br />If you want to interact, fine. Otherwise we don't feed the trolls.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-17350374388270630842012-06-26T01:26:28.362-04:002012-06-26T01:26:28.362-04:00Scott -
He sounds like straw-master FDO going in ...Scott -<br /><br />He sounds like straw-master FDO going in under a different "name".<br /><br />Sour grapes from the Politi-troll.Unforgivennoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-24434332256102430282012-06-26T01:20:50.870-04:002012-06-26T01:20:50.870-04:00Yes, "Phil," it was already obvious that...Yes, "Phil," it was already obvious that integrity wasn't what you were after, but thanks for confirming.STFhttps://www.blogger.com/profile/16261666934714196464noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-37452769844135968532012-06-26T01:18:25.432-04:002012-06-26T01:18:25.432-04:00This comment has been removed by the author.STFhttps://www.blogger.com/profile/16261666934714196464noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-83510671602012391522012-06-26T01:17:40.627-04:002012-06-26T01:17:40.627-04:00Yeah, because this is a bravery contest where you ...Yeah, because this is a bravery contest where you win points for publishing under your full name. Ha. You have an interesting view of the world there mr champion of internet integrity! Keep up the good fight while wrecking your name in the name of internet bravery!Philnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-9045579952928302442012-06-26T01:12:50.888-04:002012-06-26T01:12:50.888-04:00This comment has been removed by the author.STFhttps://www.blogger.com/profile/16261666934714196464noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-65634599615194353722012-06-26T01:10:53.254-04:002012-06-26T01:10:53.254-04:00Said "Phil," who's not brave enough ...Said "Phil," who's not brave enough to even publish his real name.STFhttps://www.blogger.com/profile/16261666934714196464noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-25551397261221178222012-06-26T01:05:19.599-04:002012-06-26T01:05:19.599-04:00Nice one Fullwiler. Your comments are only slight...Nice one Fullwiler. Your comments are only slightly less embarrassing than Wray's. No wonder none of you work at a top 25 school. What school would want to be represented by people who run around on the internet pretending to be all important while wasting their time calling people "stupid" left and right. You're an embarrassment.Philnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-89066314407202978252012-06-26T00:47:18.932-04:002012-06-26T00:47:18.932-04:00Stephanie cited Godley 1992 4 times in her own cha...Stephanie cited Godley 1992 4 times in her own chapter in her 2003 book. Just looked to confirm. And that's from her dissertation some years earlier. <br /><br />This is like Obama's birth certificate with all these MMT haters--just stupid people with nothing better to do. Don't care--much bigger fish to fry and that's in fact what we're doing right now in real time. Get a life.STFhttps://www.blogger.com/profile/16261666934714196464noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-31267030484251505432012-06-26T00:28:05.159-04:002012-06-26T00:28:05.159-04:00I think they usually trashed Gross and not PIMCO o...I think they usually trashed Gross and not PIMCO or McCulley. Virtually all Gross' opinions and predictions aren't applicable to a modern money economy.Ryan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-6561709036852664782012-06-26T00:23:28.447-04:002012-06-26T00:23:28.447-04:00The people that count care a lot more about what M...The people that count care a lot more about what McCulley thinks than what you think. Especially since after he retired it is obvious that he was the brains at PIMCO given their performance record.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-32694007938014958242012-06-26T00:10:16.988-04:002012-06-26T00:10:16.988-04:00Since when does anyone care what Paul McCulley thi...Since when does anyone care what Paul McCulley thinks? He's a retired crank from an investment firm that MMT has spent a lot of time trashing.FDO15noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-73983292909766534052012-06-26T00:05:18.368-04:002012-06-26T00:05:18.368-04:00McCulley doesn't think so, FDO15.McCulley doesn't think so, FDO15.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-90762974855211513302012-06-25T23:16:30.412-04:002012-06-25T23:16:30.412-04:00Wray is arrogant as always. And then he goes and ...Wray is arrogant as always. And then he goes and calls a commenter stupid in his comments. This is an MMTer "leader"? This is the person you all look up to? He's an embarrassment to the academic community and the fact that he doesn't cite the Godley prediction surprise me in the least. This man is burning MMT one story at a time. You don't even need people to refute it with his writing style on the loose.FDO15noreply@blogger.com