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  Thread: Economic cranks behind MMT?
Post: RE: Economic cranks behind MMT?

[quote=Helsworth] What you invoked to make fun on the article is a poor choice in argument. Economists might consider updating the textbooks, since most countries are no longer on a gold standard, or...
VineFynn Real economics 7 1,875 04.02.2017, 08:11
  Thread: Economic cranks behind MMT?
Post: RE: Economic cranks behind MMT?

[quote=Helsworth] [quote=VineFynn] [quote=Helsworth] LoL, what is "pre-credibility"? Wicksell had the eyes and brain to consider endogenous money. Meanwhile, more than a hundred years later, orthod...
VineFynn Real economics 7 1,875 03.02.2017, 05:10
  Thread: Economic cranks behind MMT?
Post: RE: Economic cranks behind MMT?

[quote=Helsworth] LoL, what is "pre-credibility"? Wicksell had the eyes and brain to consider endogenous money. Meanwhile, more than a hundred years later, orthodox economists still believe in loanabl...
VineFynn Real economics 7 1,875 01.02.2017, 16:34
  Thread: Economic cranks behind MMT?
Post: RE: Economic cranks behind MMT?

[quote=Helsworth] Many mainstream economists seem to think the idea behind Modern Monetary Theory is new and originates from economic cranks. New? Cranks? How about reading one of the great founders o...
VineFynn Real economics 7 1,875 01.02.2017, 05:57
  Thread: Macroeconomics in Germany: The forgotten lesson of Hjalmar Schacht
Post: RE: Macroeconomics in Germany: The forgotten lesso...

mefo bills were just a way of financing their deficit when they couldn't borrow because of a legal limit on their bonds' interest rate and also to disguise such a deficit (being spent largely on illeg...
VineFynn Real economics 1 1,387 27.01.2017, 08:47
  Thread: Inflation is not always and everywhere a monetary phenomenon
Post: RE: Inflation is not always and everywhere a monet...

So this paper ignores the V in MV PY?
VineFynn Real economics 1 1,379 20.01.2017, 04:41
  Thread: The Quantity Theory of Money: A Critique
Post: RE: The Quantity Theory of Money: A Critique

"The Quantity Theory of Money: Other People's Critiques"
VineFynn Real economics 1 1,221 18.01.2017, 23:24
  Thread: Paul Krugman's ideas are part of the problem
Post: RE: Paul Krugman's ideas are part of the problem

Why should anyone care about what this blogger says? I mean, ISLM doesn't say that fiscal deficits cause inflation any more than it says any other demand causes inflation. Borrowed money for the ...
VineFynn Real economics 1 1,290 15.01.2017, 03:13
  Thread: Economic Concept: Free Trade
Post: RE: Economic Concept: Free Trade

Imports are good. They're the only reason you export stuff- so you can get stuff in return.
VineFynn Real economics 1 1,814 10.01.2017, 02:00
  Thread: Friedman and blatant sophistry
Post: RE: Friedman and blatant sophistry

Friedman was an ideologue when it came to the QTM. This is prior to the credibility revolution, after all- I'm not surprised.
VineFynn Real economics 1 1,262 10.01.2017, 01:58
  Thread: Japan in the early 30s used Chartalist policies to get out of the depression
Post: RE: Japan in the early 30s used Chartalist policie...

Worth noting that failing to end these policies after leaving the depression caused overheating.
VineFynn Real economics 2 1,316 09.01.2017, 01:50
  Thread: It's all bs and it's bad for ya
Post: RE: It's all bs and it's bad for ya

Eh, the US government kills people all the time in the justice system. Only a complete idiot would think they cared about lives.
VineFynn Real politics & history 6 1,453 19.12.2016, 23:48
  Thread: The truth about Capitalism: a message to anti-Capitalists
Post: RE: The truth about Capitalism: a message to anti-...

This should go in "real politics"
VineFynn Real economics 2 1,357 16.12.2016, 02:32
  Thread: A few simple steps to restore the American Economy to greatness again
Post: RE: A few simple steps to restore the American Eco...

[quote=yangusbeef] [quote=VineFynn] Everything else aside: You can't have independent monetary policy, a fixed exchange rate, and free movement of capital. You'll have to restrict capital movement t...
VineFynn Real economics 4 1,497 10.12.2016, 09:53
  Thread: An Argument against Capitalist Economics
Post: RE: An Argument against Capitalist Economics

[quote=ClassyCommunist] I hope all who read this have read Das Kapital (There's a free PDF on marxists.org) If labour serves to produce commodities that would have no use value without the labour, why...
VineFynn Real economics 10 2,966 09.12.2016, 02:36
  Thread: A few simple steps to restore the American Economy to greatness again
Post: RE: A few simple steps to restore the American Eco...

Everything else aside: You can't have independent monetary policy, a fixed exchange rate, and free movement of capital. You'll have to restrict capital movement to achieve what you're aiming for.
VineFynn Real economics 4 1,497 06.12.2016, 23:52
  Thread: Hudson on Henry George, taxing unearned income, productivity, history etc
Post: RE: Hudson on Henry George, taxing unearned income...

[quote=yangusbeef] [quote=VineFynn] [quote=Helsworth] [youtube]Ygcoq_FBuk8[/youtube] [/quote] The only "unearned" income I can think of is inheritance. Which absolutely should be taxed. [/quote] I s...
VineFynn Real economics 4 1,396 06.12.2016, 23:43
  Thread: Ellis Winningham: Finding Cuts to Pay For Federal Spending is Obsolete
Post: RE: Ellis Winningham: Finding Cuts to Pay For Fede...

Is MMT just reasoning from accounting identities?
VineFynn Real economics 3 2,201 06.12.2016, 23:30
  Thread: Hudson on Henry George, taxing unearned income, productivity, history etc
Post: RE: Hudson on Henry George, taxing unearned income...

[quote=Helsworth] [youtube]Ygcoq_FBuk8[/youtube] [/quote] The only "unearned" income I can think of is inheritance. Which absolutely should be taxed.
VineFynn Real economics 4 1,396 05.12.2016, 06:26
  Thread: Fidel is dead
Post: RE: Fidel is dead

[quote=adder] [quote=thepresidentmaN] I pray that the cuban people and the cuban government do well in this difficult time.[/quote] Difficult time? Fidel being dead constitutes a reason for happi...
VineFynn Real politics & history 22 4,620 04.12.2016, 09:35
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