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Post History: Paul Lebow
Taxing the 1% is often given as the "solution" to address society's problems. The 1% …In: Tax the rich! Borrow from the rich!
6 months ago
I don't think one has to be a doctor to be able to read the projections from the epidemiologist …In: V vs. swoosh
8 months ago
I agree that Kelton's story is a tired one - but probably not for the reasons you give. Debt i …In: Learn To Love Trillion-Dollar Deficits
8 months ago
So much for Gate's understanding of the vaccine process. It's not the development time, it …In: calls for the Fed to cut rates because of the Coronavirus
11 months ago
As an aside - I think we all just learned that money is not equal to wealth.In: Will the dollar fall and if so where to preserve wealth?
11 months ago
It may be that the current approx $2T of pandemic loans will be woefully inadequate to keep the econ …In: Who will buy the bonds?
11 months ago
Glad you point out that the MMT Emperor Has No Clothes regarding "spending money into existence …In: MMT and Spending First
11 months ago
Its truly amazing that those in the banking industry can be the most dense when it comes to understa …In: The Federal Reserve's dual Mandate
2 years ago
For those interested. Heart disease is something I do know about - has little to do with being over …In: Low inflation/deflation of Needs
2 years ago
Some are in an attempt to control the overnight interbank rate. Certainly not to fund government sp …In: MMT and Government Accounting
2 years ago
Yes, the money supply is determined by private demand for loans. Money distribution is determined b …In: The Federal Reserve's dual Mandate
2 years ago
Yes this is a common MMT slight-of-hand - ignoring that bonds are purchased from and owed to the pri …In: MMT and Government Accounting
2 years ago
Of course Republicans will always be contrarian, the authoritarian breed we have now cares not for t …In: New Currency Theory (NCT)
2 years ago
I don't like putting links in these posts - no one reads them and its somewhat of cop out. But …In: New Currency Theory (NCT)
2 years ago
Thank you. Republicans might still object - but on what grounds? It used to be that true Republica …In: New Currency Theory (NCT)
2 years ago
In our last set of messages I made it perfectly clear that my objection is first to the government n …In: New Currency Theory (NCT)
2 years ago
You keep misquoting and misrepresenting my statements, setting up straw men to knock down. When I s …In: New Currency Theory (NCT)
2 years ago
I believe the confusion is on your part not mine. You conflate credit creation with bank-money crea …In: New Currency Theory (NCT)
2 years ago
Thanks for elaborating. Why are you conflating giving credit with creating money? Under monetary r …In: New Currency Theory (NCT)
2 years ago
Yes $10T in a year would probably cause inflation (that was your number). The economy in its curren …In: New Currency Theory (NCT)
2 years ago
You said "...nothing stopping the US govt from creating 10T.. " Borrowing is not creating …In: New Currency Theory (NCT)
2 years ago
Currently creating $10T would be illegal due to current policy. It would also be unwise without the …In: New Currency Theory (NCT)
2 years ago
Well, almost. The part that is not a policy constraint currently is that banks have the privilege to …In: New Currency Theory (NCT)
2 years ago
AMTRADER -
I am confused by your first sentence - I don't "believe the gov gets to spen …In: New Currency Theory (NCT)
2 years ago
"You're just talking about reallocation" Precisely. But not reallocation within gov …In: New Currency Theory (NCT)
2 years ago
Cullen - You are basically using the MMT line that begins with "The government can always....& …In: New Currency Theory (NCT)
2 years ago
As you can see here, some folks don't acknowledge that our current finacial system is a man-mad …In: New Currency Theory (NCT)
2 years ago
I agree that the business cycle is due to human nature - of course! But AMTrader went way too far i …In: New Currency Theory (NCT)
2 years ago
Yep - that's exactly what we've been brainwashed to believe - booms and busts are just nat …In: New Currency Theory (NCT)
2 years ago
I've been meaning to respond to Cullen's assertions.
1) The government does not have ac …In: New Currency Theory (NCT)
2 years ago
Cullen -
Finally! We're getting down to the real crux - its a difference in politics, not e …In: New Currency Theory (NCT)
2 years ago
I agree with this. In the case of monetary reform, the government would only issue money when there …In: New Currency Theory (NCT)
2 years ago
@cullen-roche
Would you elaborate on your description that "even if the govt issues a deposi …In: New Currency Theory (NCT)
2 years ago
Yes, these terms are used very loosely - often philosophically - which has no practical implication …In: New Currency Theory (NCT)
2 years ago
@PLIU412
Yes, as I understand his work, you are correct - he is comparing the banking theory of m …In: New Currency Theory (NCT)
2 years ago
@SAMANTHA-WATTS
Yes it's all just bookeeping, I agree. I asked about liabilities because, e …In: New Currency Theory (NCT)
2 years ago
@samantha-watts
Coins are insignificant in terms of the functioning of the real economy - but why …In: New Currency Theory (NCT)
2 years ago
@pliu412
Rereading Huber's chapter on chartalism, I don't believe your characterization …In: New Currency Theory (NCT)
2 years ago
@samantha-watts
Thanks for the examples. I asked the question regarding liabilities to determine …In: New Currency Theory (NCT)
2 years ago
@pliu412
Would you clarify and specify your objections? I will pass them along to Huber to let h …In: New Currency Theory (NCT)
2 years ago
@samantha-watts
There may some truth to what you say in that coins created as assets is historica …In: New Currency Theory (NCT)
2 years ago
Ok - I give up. First of all, this not something I "discovered"or concocted. I thought y …In: New Currency Theory (NCT)
2 years ago
@cullen-roche
Cullen, is it really necessary to be condescending?
So you are claiming a bank e …In: New Currency Theory (NCT)
2 years ago
@john-Daschbach
I probably agree with much of what you say regarding financial assets and future …In: New Currency Theory (NCT)
2 years ago
The reason I couldn't respond to the question you asked is because under monetary reform, the b …In: New Currency Theory (NCT)
2 years ago
Its a bit difficult to describe monetary reform when 1) People have chosen not to read HR2990 from 2 …In: New Currency Theory (NCT)
2 years ago
Note "Net Position" shows on the right column below "liabilities",( Wordpress wr …In: New Currency Theory (NCT)
2 years ago