I have several friends who are economists, both orthodox and so-called MMT economists. Most of them teach economics at a university. The orthodox economists NEVER challenge anything I print! What happens is they contact me personally to ask me where they can find more material on the subject. They quickly come to the conclusion that they…
I have several friends who are economists, both orthodox and so-called MMT economists. Most of them teach economics at a university. The orthodox economists NEVER challenge anything I print! What happens is they contact me personally to ask me where they can find more material on the subject. They quickly come to the conclusion that they lack knowledge about money, and because of that lack of knowledge on the subject, what they thought they knew was completely wrong. I have some of these Economics professors who received orthodoxy schooling sending me things to review and get my thoughts (approval) before sharing them with others. Can you imagine an economic professor thinking that Banks lend other people deposits and are shocked to find out that banks create credit (loans) out of thin air? Only a degree in orthodox economics (neoclassical economics) can make someone that stupid!
I'll stick with a heterodox form of economics where you don't have VERY LARGE MONEY interests tampering with the textbooks and regulating its teachings. Economics is the Godfather of economic elites tampering with education (the original book burners).
The economic theories you were taught, which led to your degree, are fundamentally flawed. If you had delved into Keynes' Treatise On Money V1 'The Pure Theory Of Money', you would have realized that the orthodox narrative on money is a work of fiction. The reason orthodox economics conveniently sidesteps the issue of money is that it lacks a coherent understanding of its models. It's high time for people like you to grow up and face the fact EVERY US dollar that exists comes from the US Federal Government. The "taxpayer" doesn't fund the federal government, it's the federal government that funds the taxpayer. Where did the taxpayer get the US dollars to give to the US government?
"Today all civilized money is, beyond the possibility of dispute, chartalist / State money. This right is claimed by all modern States and has been so claimed for some four thousand years at least." John M Keynes, "Treatise On Money" (1930).
I guess that key piece of Keynes's writing was left out of Orthodox economics.
Neoclassical economic textbooks are still teaching the Barter story of money (taxpayers money). It's complete garbage that anyone with half a brain should be able to see through.
You never answered the question: How do US dollars enter the economy? It's pretty basic stuff, you would think, given all that research you've done on MMT. Do you know who does agree with me? 99% of archeologists who have studied money and Federal Reserve Chairs. Maybe you need to talk to a real economist! Have you seen the documentary "Finding the Money?" It sheds a little light on the subject...if you're not scared!
I have several friends who are economists, both orthodox and so-called MMT economists. Most of them teach economics at a university. The orthodox economists NEVER challenge anything I print! What happens is they contact me personally to ask me where they can find more material on the subject. They quickly come to the conclusion that they lack knowledge about money, and because of that lack of knowledge on the subject, what they thought they knew was completely wrong. I have some of these Economics professors who received orthodoxy schooling sending me things to review and get my thoughts (approval) before sharing them with others. Can you imagine an economic professor thinking that Banks lend other people deposits and are shocked to find out that banks create credit (loans) out of thin air? Only a degree in orthodox economics (neoclassical economics) can make someone that stupid!
I'll stick with a heterodox form of economics where you don't have VERY LARGE MONEY interests tampering with the textbooks and regulating its teachings. Economics is the Godfather of economic elites tampering with education (the original book burners).
The economic theories you were taught, which led to your degree, are fundamentally flawed. If you had delved into Keynes' Treatise On Money V1 'The Pure Theory Of Money', you would have realized that the orthodox narrative on money is a work of fiction. The reason orthodox economics conveniently sidesteps the issue of money is that it lacks a coherent understanding of its models. It's high time for people like you to grow up and face the fact EVERY US dollar that exists comes from the US Federal Government. The "taxpayer" doesn't fund the federal government, it's the federal government that funds the taxpayer. Where did the taxpayer get the US dollars to give to the US government?
"Today all civilized money is, beyond the possibility of dispute, chartalist / State money. This right is claimed by all modern States and has been so claimed for some four thousand years at least." John M Keynes, "Treatise On Money" (1930).
I guess that key piece of Keynes's writing was left out of Orthodox economics.
Neoclassical economic textbooks are still teaching the Barter story of money (taxpayers money). It's complete garbage that anyone with half a brain should be able to see through.
CLASS IS OVER FOR YOU!... YOU'RE GETTING AN F.
Oh okay, you’re a delusional person who thinks that they know more than 99% of economists and thinks the whole field is bought out.
Got it, I’m going to mute you now. It’s funny because in an alternate universe you’d be a Qanoner because you have no good scientific principles lol.
You never answered the question: How do US dollars enter the economy? It's pretty basic stuff, you would think, given all that research you've done on MMT. Do you know who does agree with me? 99% of archeologists who have studied money and Federal Reserve Chairs. Maybe you need to talk to a real economist! Have you seen the documentary "Finding the Money?" It sheds a little light on the subject...if you're not scared!