Home » xyzzy » Dungeon » Modern Monetary Theory (or, how I stopped worrying about the natl debt.)
Re: Modern Monetary Theory [message #94412 is a reply to message #94373] Sun, 12 September 2021 09:50 Go to previous messageGo to next message
Rusty is currently offline  Rusty
Messages: 627
Registered: May 2018
Location: Kansas City Missouri
Illuminati (1st Degree)
Another fine economist. Jeffrey Sachs. Our last dialogue with China went nowhere. We forced our social behavior ideals to the forefront in our relationship with them. Whenever we dictate our perceived morality on sovereign countries, they point out our own obvious social inequities. Mr. Sachs has pointed out that in this time in our worlds history, cooperation is a commodity in great demand with what our world faces for everyone of us. We're stubbornly being obstinate adolescents in this regard.

America vs. Everyone
https://www.youtube.com/watch?v=A-tDj4ZGcZY&t=1294s
Re: Modern Monetary Theory [message #94416 is a reply to message #88755] Sun, 12 September 2021 20:39 Go to previous messageGo to next message
gofar99 is currently offline  gofar99
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Hi, Whenever we dictate our perceived morality on sovereign countries, they point out our own obvious social inequities Sure enough. Our track record in getting other nations to see things our way has not been a success.

Good Listening
Bruce
Re: Modern Monetary Theory [message #94419 is a reply to message #94416] Mon, 13 September 2021 09:27 Go to previous messageGo to next message
Rusty is currently offline  Rusty
Messages: 627
Registered: May 2018
Location: Kansas City Missouri
Illuminati (1st Degree)
Quote:
Sure enough. Our track record in getting other nations to see things our way has not been a success.
Yup. That seems to follow our American exceptionalism self deception nicely.
Re: Modern Monetary Theory [message #94436 is a reply to message #94419] Wed, 15 September 2021 10:41 Go to previous messageGo to next message
Rusty is currently offline  Rusty
Messages: 627
Registered: May 2018
Location: Kansas City Missouri
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Big investors are having a hissy fit with China not allowing them to do their looting scheme. So they're spouting off with editorials in big publications venting what they perceive is an existential threat to the free world. Free being the free lunch they're accustomed to. The United States has been living under this scheme for 40 plus years, and it shows. Sky high real estate, schooling, health care. Decaying infrastructure, regressive taxation and ineffective, stalemate governance. It's the Neoliberal way, historically parallel to the Romans. We keep going ahead in denial and who knows what other financial meltdown will wash over us like waves coming in this young century. By count, three so far, including the COVID crisis.
Why do we cripple ourselves so? Read on.

https://michael-hudson.com/2021/09/the-vocabulary-of-neoliberal-diplomacy-in-todays-new-cold-war/
Re: Modern Monetary Theory [message #94508 is a reply to message #94436] Sat, 25 September 2021 13:08 Go to previous messageGo to next message
Rusty is currently offline  Rusty
Messages: 627
Registered: May 2018
Location: Kansas City Missouri
Illuminati (1st Degree)
A lack of will from a state of confusion. Confusion willfully placed to obfuscate the reality of running an economy working to benefit the majority of it's participants. Those that work. Our economies based on the Neoliberal construct. Trickle Down, Supply Side, Service Economy have had the public domain replaced by the private. The industrial aspect replaced by the service aspect. The will of the electorate replaced by the will of finance capitalists. Economic dialogue is reasoned through the textbooks that reflect the state of economics as a settled coherent discipline. But unfortunately not describing the real world and the majority of people that work in it. But there are people that fortunately know what reality is. It's the making it known that is really difficult. The lack of will is in our current political system. Only by recognizing what the confusion is, may be the way to not accept the lack of political will.
Great dialogue as usual from real economists. Not hacks.

French economist Thomas Piketty and Michael Hudson
https://www.youtube.com/watch?v=GWT0uvBLDbo

Australian economist Steve Keen
https://www.youtube.com/watch?v=dBxaGsLxACo
Re: Modern Monetary Theory [message #94569 is a reply to message #94508] Wed, 06 October 2021 11:08 Go to previous message
Rusty is currently offline  Rusty
Messages: 627
Registered: May 2018
Location: Kansas City Missouri
Illuminati (1st Degree)
From the readings and listening's I take in on this subject matter. I get the sense that our neoliberal economic promotors are like junkies. Engorged with the prosperity that they've attained from their parasitic methods. They can't begin to see it's downside. The metaphor of "the one percent" is simply the big movements in our financial economy and the players in it. Who owns most of the stock in Wall Street? The metaphoric one percent. But more so, who plans our economy? Wall Street. Socialism is a dirty word and a pox on their prosperity. Their theme song should be Turn Me Loose, by Loverboy. "They gotta do it their way, or no way at all". With politics in their pocket, economic schools putting out neoliberal technicians and a huge populous to feed upon with debt service. It's been easy peasy.

But it's never enough. Ask any junkie. The reoccurring news about China and it's Real Estate business Evergrande makes for impending doom about to happen there as did in this country. Making with it opportunities for investors to capitalize like vultures circling. But the Chinese are not allowing for this opportunity to be realized. Unlike our neoliberal economists, they have studied outside that realm, and regarded history important too. They are working towards a healthy economy where more of the people can prosper, rather than the elite few that live splendidly off the many. Much like we were and now aren't.
America's national treasure and deserved of the medal of honor, which will never be. Michael Hudson shows us our true folly. Unfathomable to the junkies running the show.

https://michael-hudson.com/2021/10/the-affront-of-chinese-sovereignty/
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