tag:blogger.com,1999:blog-2761684730989137546.post8826490370076352858..comments2024-03-28T07:50:06.102-04:00Comments on Mike Norman Economics: Nice MMT-related postmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2761684730989137546.post-45766094662767242622011-10-21T20:53:55.819-04:002011-10-21T20:53:55.819-04:00Hi Tom
I am sorry
spent all day taking care of s...Hi Tom<br /><br />I am sorry<br /><br />spent all day taking care of sick animal<br /><br />I thought I was reading "Greece and Italy are currency ISSUERS ..."<br /><br />users not dealers<br /><br />just like the casino - if you run out of chips, then just press more outgoogleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-13412328658731852092011-10-21T13:50:37.289-04:002011-10-21T13:50:37.289-04:00@ Googleheim
"BEN : you need to correct the ...@ Googleheim<br /><br />"BEN : you need to correct the following -<br />(Greece and Italy are currency users; they cannot issue their own currency.)"<br /><br />Huh? Of course Greece and Italy are currency users rather than own-currency issuers and cannot issue either drachma or lira anymore.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-63603754551433311982011-10-21T12:42:06.006-04:002011-10-21T12:42:06.006-04:00Didn't Thomas Jefferson say that every 5 or 10...Didn't Thomas Jefferson say that every 5 or 10 years ? Is that to be interpreted as creative destruction or a way to cycle the economy to the benefit of every one?<br /><br />BEN : you need to correct the following -<br />(Greece and Italy are currency users; they cannot issue their own currency.)<br /><br />Greece and Italy are NOT ...googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-50592855494098576132011-10-21T12:26:04.665-04:002011-10-21T12:26:04.665-04:00Thanks for the kind words and linking to the artic...Thanks for the kind words and linking to the article Mike and Tom.Ben Strubelhttp://www.strubelim.comnoreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-13896000485996618022011-10-21T10:25:05.028-04:002011-10-21T10:25:05.028-04:00There is no win-win in their world. It's a zer...There is no win-win in their world. It's a zero sum game — winner and losers — and that's the way they want it when all is said and done.Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-19723283043765009622011-10-21T08:20:48.613-04:002011-10-21T08:20:48.613-04:00Austerity and deficit terrorism is designated agai...Austerity and deficit terrorism is designated against Obama and the american people.<br /><br />Let's call it ADT for short.<br /><br />ADT seeks to drain liquidity from the Real economy in hopes of creating a surplus inside the non-real economy - the Fed & Tsy balance sheets.<br /><br />We can make a matrix from this :<br /><br />Fed&Tsy vs Real Economy<br />a. negative vs negative<br />b. positive vs negative<br />c. positive vs positive<br />d. negative vs positive<br /><br />where negative = deficit<br />and positive = surplus<br /><br />Are any and all of these operational possibilities ?<br /><br />If you abolish the Fed and the Tsy you have a pure real economy based on land, gold, silver, etc.<br /><br />If a person owes another entity ( i.e. in debt to another ) then there is a negative and a positive simultaneously - this balances out overall and you have a victor or person who has the note.<br /><br />but how can you have a positive vs positive condition ?googleheimhttps://www.blogger.com/profile/14459089745473598235noreply@blogger.com