Recent content by AndyMMT

Agree it is real wages that matter and in any case inflation is a very subjective thing and poorly understood. Hits the less well off more than the wealthy. It's a deflationary trending world in reality most inflation is being caused by self imposed problems taxes/tuition fees/privatised...

You are going to keep reminding us of that I suppose :D

Deliberately dumbed down or not?

Looks that way but try not to get in the heads of the goldbugs...that way madness lays!

ha like it :) The declining rate of profit doesnt seem to have come about yet though.

Quelle surprise the basis for austerity was built on dodgy maths (of course it didnt differentiate between floating FX and fixed exchanged regimes in the first place) http://www.guardian.co.uk/commentisfree/2013/apr/16/unemployment-reinhart-rogoff-arithmetic-cause

Yep always a must read Others to hit Moslereconomics.com mikenormaneconomics.blogspot.com nakedcapitalism.com (not officially MMT as its not its reason d'tre but is really) The prescence is strong on the net.

Yes is nice to base things on actual observations instead of models that have no relevence to the real world. Point of the article is really to show that it is a sovereign issuer who has control over bond yields and are a monetary tool (to enable CB's to hit their target interest rate) NOT...

:D very good

More MMT thats my motto ;)

Budget deficits are not big enough proof is that there is unemployment. You confuse a household with a Country. Exactly what Thatcher and her ilk have done. On Thatcher I wont be celebrating until neoliberalism has got rid of and buried not an old women. What has been sickening is...

Would say the problem is that People actually bought the product. Yes amazing how often they bring up Adam Smith and the "invisible" hand, they could try reading him and find out what he meant in that it was about the Merchants having a bias towards their home market not that a free market...

Quacks and snake oil salesmen you mean

Typical i come here to get away from it for few minutes and i see a new post in this thread...somehow guessed what it would be about :D Unbelievable this is one of the most idiotic things i have ever seen... are they just asking for bank runs? This is dangerous.... they really shouldnt have...

Well I nailed those aussie banks ACF (even i am surprised that I was so close lol) http://www.afr.com/p/blogs/christopher_joye/rba_quietly_increases_banks_bailout_ksLcB6WlebkzfQ89p3pPAK My suspicion was correct was a shortage of aussie sov debt. PS what that means is that they have...