The Cycling News forum is looking to add some volunteer moderators with Red Rick's recent retirement. If you're interested in helping keep our discussions on track, send a direct message to
In the meanwhile, please use the Report option if you see a post that doesn't fit within the forum rules.
Thanks!
Ferminal said:
Ferminal said:Where does MMT fit in Andy?
I mean a lot of it just makes good intuitive sense based on actual observations, but where does it sit on a theoretical level? Is it a pure macro theory in direct opposition to New Keynesian macro?
gregod said:I'm a big fan of http://neweconomicperspectives.org/
gregod said:I'm a big fan of http://neweconomicperspectives.org/
I'll check out mosler and mike. I'm already one of "yves smith's" readers.AndyMMT said: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.
AndyMMT said: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
AndyMMT said: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
Fearless Greg Lemond said:It is really nice to see how capitalism cannot survive without growth.
DirtyWorks said:growth is not actually a feature/flaw of capitalism. Most capitalist-style markets actually enter a mature phase where there is practically no growth anyway.
Some people assume "growth" is the same thing as an active market. I would describe and active market as goods/services are exchanged frequently and there are new services and new participants. Somewhere in an active market are signs of growth.
Where you get the urgency around growth is when an economy roughly permits speculative and ponzi borrowing http://en.wikipedia.org/wiki/Hyman_Minsky.
Recent history shows how easy it is to confuse speculative/ponzi borrowing with an active market. Not too many people willing to distinguish between the two either.
Cobblestones said:Marx's 'Das Kapital' isn't based on dodgy Excel spreadsheets. Just sayin'
gregod said:by the way, what do you think? is the gold bubble really bursting?
RetroActive said:So when does this ethereal capitalism make it's appearance?
http://www.youtube.com/watch?v=ioyq6GNbJg0
Yeah, don't get me started on the definition of capitalism. There be dragons.
Yes, exponential growth of money (debt) can be addressed but that's but one feature of the exponential growth we're confronting on a finite planet. New sophistry won't change that.
http://www.youtube.com/watch?v=0272BTXef9I
DirtyWorks said:I had a longer reply, but it's probably wasted on whatever world view to which you have committed yourself. Stated simply, this is a political problem, not economic. Deregulate intellectual property policy, and perhaps raise the cost of capital in public markets. A number of changes to support a broad middle class need to be resurrected too.
Your links are a kind of micro-austerity that doesn't quite pan out.
DirtyWorks said:growth is not actually a feature/flaw of capitalism. Most capitalist-style markets actually enter a mature phase where there is practically no growth anyway.
Some people assume "growth" is the same thing as an active market. I would describe and active market as goods/services are exchanged frequently and there are new services and new participants. Somewhere in an active market are signs of growth.
Where you get the urgency around growth is when an economy roughly permits speculative and ponzi borrowing http://en.wikipedia.org/wiki/Hyman_Minsky.
Recent history shows how easy it is to confuse speculative/ponzi borrowing with an active market. Not too many people willing to distinguish between the two either.
AndyMMT said:ha like it The declining rate of profit doesnt seem to have come about yet though.
Cobblestones said:The emergence of a lumpen proletariat on the other hand...