Home » xyzzy » Dungeon » Modern Monetary Theory (or, how I stopped worrying about the natl debt.)
Re: Modern Monetary Theory [message #90324 is a reply to message #90323] Mon, 13 May 2019 10:28 Go to previous messageGo to next message
Rusty is currently offline  Rusty
Messages: 189
Registered: May 2018
Location: Kansas City Missouri
Master
If this is any help Kingfish, or any other interested person. Here's a visual put together that is pretty nice to get a nuts and bolts idea of operation MMT theory espouses. Take a look & scratch your head. I did, then it made sense. If it's any solace to what one's political orientation is. The MMT economists make a point to explain their economic study as more of a "lens" focusing more on how a sovereign issuer of a currency actually works in any existing economy, rather than how they feel it should be looked upon. What ever is made of it politically, is in the eye, or the political PAC's of the beholder.
https://www.youtube.com/watch?v=bTZGU9s0idM
Re: Modern Monetary Theory [message #90333 is a reply to message #88755] Mon, 13 May 2019 23:24 Go to previous messageGo to next message
Newjack is currently offline  Newjack
Messages: 62
Registered: December 2018
Viscount
I watched your recommended video a couple of times, Rusty. I'll admit, I'm really confused. Laughing I love learning about stuff like this, so I'm going to watch it again and see if I can wrap my head around the concepts.
Re: Modern Monetary Theory [message #90335 is a reply to message #90333] Tue, 14 May 2019 09:57 Go to previous message
Rusty is currently offline  Rusty
Messages: 189
Registered: May 2018
Location: Kansas City Missouri
Master
Right on Newjack. The fact your open and interested in this subject matter is a kick for me even. The principal economists involved with this concept today are L.Randall Wray, Stephanie Kelton, William Black and Bill Mitchell. With a special nod to Michael Hudson, whom is a fascinating historical economist. His latest book deals with ancient cultures and their way of dealing with debt. Which they utilized a method of debt forgiveness called Jubilee. Looking up any of these principals can open your mind to some very interesting concepts that you won't encounter listening to the orthodox so called financial guru's. I also take a smidgen of pride in knowing these people have been involved with the economics program at a local university just a few blocks from my home. Part of the underlying issues expressed with training future economists are the lack of historical underpinning of the various economic disciplines and the homogeneous concepts promoted in their training. Good luck unraveling this stuff and feeling secure that future generations aren't on the hook paying off today's or tomorrow's debt. Or, shall I say. Our investment savings account.
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