tag:blogger.com,1999:blog-2277215496195926573.post6872201318666535589..comments2024-01-01T07:41:51.347-08:00Comments on RALPHONOMICS: Joseph Huber’s criticisms of MMT.Ralph Musgravehttp://www.blogger.com/profile/09443857766263185665noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2277215496195926573.post-11719443188935008402018-11-07T02:16:21.894-08:002018-11-07T02:16:21.894-08:00I second your comment (even veeeery late).
I'...I second your comment (even veeeery late).<br /><br />I'm familiar with MMT - momentarily reading Mitchell's Reclaiming the State, which takes MMT in focus again (for me).<br /><br />I got to this blog entry via google search "stützel godley", and entered https://www.sovereignmoney.eu/41-sector-balances-accurate-or-simplistic/<br /><br />Here I came accross "NCT" the first time. In search of its meaning I googled "mmt nct"...<br />(to be precise: I use startpage - ralphonomics listed third).<br /><br />Many thanks to Ralph for this differentiated comment on YAMT (Yet Another Monetary Theory ;-)) vs. MMT.<br /><br />To Huber's article: I cannot extract from it whether NCT is linked to Huber's "Vollgeld" or not. But I judge his Vollgeld as not a road out of the current crisis.<br /><br />Regards,<br />RobAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-86316923168849042752016-10-30T02:20:56.082-07:002016-10-30T02:20:56.082-07:00Now that's a point. I just done some Googling ...Now that's a point. I just done some Googling and cannot see that Bill has dealt with Huber's points. So I sent Bill an email.Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-12598632684769817532016-10-29T04:37:32.482-07:002016-10-29T04:37:32.482-07:00Coming (very) late to this, but it's just what...Coming (very) late to this, but it's just what I have been looking for. Good piece of work Ralph.<br /><br />Do you happen to know if Bill Mitchell or Randall Wray have directly addressed Huber's paper?<br /><br />Thank you.montmorencyhttps://www.blogger.com/profile/12879422255762834319noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-40060667603626644012014-03-02T06:33:10.841-08:002014-03-02T06:33:10.841-08:00Yes, it does. Huber says this, but some MMTlers de...Yes, it does. Huber says this, but some MMTlers deny it. For example Mosler says it's just a transaction from one form of deposit to another, both essentially government debt. That is the reason Mosler and other MMTlers don't believe in quantitative easing. (They may be right in there doubt about QE, but the reasen QE doesn't work might be an other: You can't pull a string, you can't force the banks to lend more an increase the money supply with QE. Government has to spend, for example for a job guarantee). Techniknoerglerhttps://www.blogger.com/profile/04255099803228580022noreply@blogger.comtag:blogger.com,1999:blog-2277215496195926573.post-4111581065681109492014-03-01T17:56:12.433-08:002014-03-01T17:56:12.433-08:00>What? When government “issues debentures” it a...>What? When government “issues debentures” it actually<br />>WITHDRAWS money from the private sector. <br /><br />Yes, it does. Huber says this But some MMTlers denie it. For example Mosler says it's just a transaction from one form of desposit to another, both essentially government debt. That is the reason Mosler and othe MMTlers don't believe in quantitative easing.Techniknoerglerhttps://www.blogger.com/profile/04255099803228580022noreply@blogger.com