tag:blogger.com,1999:blog-2277215496195926573.post386159244201858023..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: Warren Mosler’s bank reform ideas.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2277215496195926573.post-19678406851191483502018-02-13T02:40:59.362-08:002018-02-13T02:40:59.362-08:00I don't see how WM's ideas on banking &quo...I don't see how WM's ideas on banking "can be tracked to MMT". But if you'd like to elaborate, I'd be happy to look at that idea.<br /><br />I agree that MMT is a long way from being totally clear. Reason is that MMTers are a diverse bunch of people who think in ROUGHLY the same way, at the same time as arguing with each other, just like members of other groups argue with each other.<br /><br />But basically MMT just equals Keynes: indeed it has been criticized for saying nothing new for that reason. But what MMT does do is to set out Keynsian ideas in a vastly simpler and clearer way the Keynes himself did in his General Theory. Plus MMT is vastly simpler and clearer than "New Keynsianism" and "Post Keynsianism" which are gobbldegook far as I can see.<br />Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-974322415600675252018-02-12T09:47:27.423-08:002018-02-12T09:47:27.423-08:00You do find several flaws in Warren Mosler thinkin...You do find several flaws in Warren Mosler thinking about banking that can be tracked to the MMT. Anyway, it's difficult to know exactly what are MMT's proposals when they are deeply buried under layers of complexity and rethorical exuberance.Unknownhttps://www.blogger.com/profile/11141174240364332967noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-87246002515106556812018-02-12T06:54:21.952-08:002018-02-12T06:54:21.952-08:00I notice you fail to cite a single flaw in MMT.I notice you fail to cite a single flaw in MMT.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-40451793419750196202018-02-12T05:58:31.883-08:002018-02-12T05:58:31.883-08:00I really cannot understand what do you see of inte...I really cannot understand what do you see of interest in MMT. Everything they say is nonsense.Unknownhttps://www.blogger.com/profile/11141174240364332967noreply@blogger.com