Earlier quoted context omitted.
My education is in economics and finance. I just happen to have also programmed for a long, long time. The first thing I would say is that economics is as slippery as nearly any other social science. So no one really knows what will and will not work in macroeconomics because even when they try there could be many convoluting factors to make a reasonable assessment of what actually happened. >Personally I find the ar…
mhuffman says >"My problem with MMT is the same problem I have with all political economic schemes in the US" With "... all political economic schemes..."? Then obviously the problem is not with MMT but with something else . Are are suggesting that the rich are the problem? Are you also suggesting that the elimination of the rich is the solution? In either case please clearly state so. You might also suggest how to e…
Correct, I clearly stated what I thought it was.
>Are are suggesting that the rich are the problem?
Not at all! I am claiming that the govt. officials that have their hands on the ability to disperse "free" money are very easily swayed by lobbyists and influence from those with lots of money or power.
>Are you also suggesting that the elimination of the rich is the solution?
Not at all! I am saying that the rich already have money so there is no need to give the bulk of any new created money to them.
>In either case please clearly state so.
I hope the above is clear enough, if not, just let me know. I can go on about this in great depth!
>You might also suggest how to eliminate the rich and thereby achieve a better world.
I would not and never have suggested any such thing. This is your mis-reading of something I wrote, or your misunderstanding, or (hopefully not) you being willfully disingenuous. In fact, from some perspectives, I might be considered rich!