tag:blogger.com,1999:blog-2761684730989137546.post5821630017960273253..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Philip Pilkington — A New Era of Central Banking?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-26112013410529455812017-02-24T06:24:34.689-05:002017-02-24T06:24:34.689-05:00MMT-ers need to become more sarcastic about the or...MMT-ers need to become more sarcastic about the orthodox view. Right now they are supplicants and a pain to listen to.MRWhttps://www.blogger.com/profile/13878920695841363553noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-62322647926690106032017-02-23T23:51:37.604-05:002017-02-23T23:51:37.604-05:00If I understood Stephanie K's stories re her r...If I understood Stephanie K's stories re her recent interaction with Bernie Sanders, it was very difficult for her to try to convince Congress- critters (including BS) to succumb to the allure of MMT-related ideas which might facilitate avoiding/modifying the periodic financial crisis decision-making that results in such non-productive accomplishments by the lawmakers. I have thought that she is one of the more persuasive MMT-proponents, but it is not obvious whom someone, with a background such as her's, should target/focus on in order to exert some influence in the US. <br /><br />Obviously, the BoE and Fed Reserve operate in distinctive manners, and what works with one may be irrelevant wrt what works with the other. However, I am curious why some of the regular commenters at mne.com have not commented on Phil P's article to get a discussion started.wilwon32https://www.blogger.com/profile/00601484708970709806noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-44596731925084680702017-02-23T18:23:34.446-05:002017-02-23T18:23:34.446-05:00I quite agree that heterodox economists can take s...I quite agree that heterodox economists can take some of the credit for the change in BoE thinking. Another group not mentioned by Philip Pilkington is Positive Money. Geoff Tily, economist for the UK trade union movement said that without PM the BoE would have taken longer to revise it's ideas on money creation.<br /><br />Bit like Bernanke at the start of the crisis, who at first refused to admit that the Fed simply creates money by book-keeping entries, and then finally admitted the point.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.com