Steve IS NOT an economist. Who really cares about a Nobel Prize? Uncle Milty was given one and his theories are essentially laughed at by a good deal of economists. Except right-wingers.
Not gonna wade through 2304920319 posts but as to the question of MMM - what even why is, ain’t it not? , I’ll definitely say: Yes.
It proved you aren’t willing to watch a video by someone “more evolved than I on such an important subject.”.
You know, the thing you expect everyone else to do, hypocrite.
No shit.
It’s not too late, if you look up, you might see the point of that post…
You are the one appealing to authority. A Nobel in economics is an achievement that provides evidence of a superior understand of a topic. In other words, it supports the notion that the recipient is “more evolved than I on such an important subject”.
He is far more respected by economist than Karl Marx and what’s her name you posted.
Bottom line:
You don’t understand MMT so you appeal to what you believe is an authority on MMT, but dismiss appeals to authority that counter your ideology. I was going to say counter your argument, but you’ve made it clear you don’t have an argument. You have a bastardized version of other people’s arguments and, as evidenced already, you don’t even understand the basic principles of MMT let alone fundamental principles of economics and business.
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He is laughed at less than all 4 MMT economist on the planet.
It’s absolutely comical how bad this train wreck thread is now…
I fear for the future of humanity and think everyday we are moving closer to the movie “Idiocracy”
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And because people see something is wrong they shouldn’t point it out for fear it won’t change. Did civil right change after the 1st march? This is so painfully obvious but the majority on here adhere to conservative viewpoints making them post things that are supremely stupid. And you happen to be one of the most vocal posters saying dumb shit.
What you want inexorably leads to oligopolies and monopolies.
WTF, are you even talking about?
All of which is true.
And Friedman didn’t disappoint either. He lectured with no one to push back on his “theories”. Kind of like when brave Milton faces down another college student. What a waste of a post. You post a video of a right-wing economist who has had the majority of his theories debunked or been proven untrue when tried. FOH with that shit. You are so not serious.
So Kelton ought to write a rebuttal to them all OR just debate these people and make them look like the fools and dimwits they are. If you can’t defend your position in real time then you are pretty much not worth a fuck and nether are your positions.
And f you can’t win a debate against a flat earther, then what does that say about you?
A loss of job, divorce, child support and looking out the blinds of the window to see if it’s the constable putting a foreclosure notice on your door, is rock bottom to me. To do those things that you are told to do to make it in this country to only have it all come crashing down is rock bottom. Short of a death in the immediate family, I’m not sure what else qualifies.
Once again, you are comparing the standard of living in this country to 3rd world country’s, some who may not have running water. And you say I missed the point. Honestly how dumb can you be? Because a country in Africa may not have running water, should the people who live in Flint, MI feel better OR those in Jackson, Mississippi? Man conservative positions sure make people say stupid shit.
Yeah defending your position in real time doesn’t matter. And in other news from Fantasy Island. Just write a paper and have all those people from the same schools, with the same education all in your echo chamber make faint criticisms at most, then you can declare victory. But don’t debate anyone on the subject. Just run and hide.
Really? Then why can’t they defend their positions in a debate?
Do you even know what Marxism is? What was Marx’s biggest criticism?
Unlike capitalism. Where it’s the norm.
Yes, prove your shit with written evidence.
You can’t win a court case on circumstantial evidence (which is what a debate amounts too).
Debates are not what educated people have come to the consensus on how they want their theories/work to be judged. It’s judged in written form by their peers. An area where Kelton and other MMTers fall flat, and the only area that fucking matters in academia. If you don’t publish you perish, or you go write a mainstream book written for morons to consume…(Kelton isn’t the only one who has done this to try and achieve legitimacy on their shit).
No I am not, I am comparing it to the state of others in this country. I can find many examples in my own county where what this guy went through is nothing. I know intimately of a 2 year old whose mother didn’t want her and her dad was shot and killed over drugs. This happened not 25 miles from me. That girl is at rock bottom and traumatized for life. This guy hit a hiccup in the road.
Or the soldiers who come back from overseas tours with PTSD so bad they end up homeless and starving? Or those stuck in a terrible domestic violence situation?
This guy’s rock bottom was still pretty high up the hill. Was it tiring, stressful, and a hard time in his life? No one is denying that. But as far as objectively “rock bottom” just no - no even in this country.
It doesn’t. You want it too, but it just doesn’t.
They can - the videos you have posted prove it. You only see the outcome you want to see because of your ridiculous levels of cognitive dissonance.
Holy fuck you’re a moron. Communism is literally the government controlling everything, taking what you have earned and redistributing it. It’s those at the top in control of every single aspect of life. Or have you not heard of the “social credit score” being implemented in China. Or maybe the one child rule? Or millions of mild dissenters being sent to slave labor camps (gulags)?
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So why do you suppose people go into business for themselves or join a union?
Yes, that is why people have multiple jobs. Because they are lazy.
Because they want to. The majority of people don’t want to run a business.
Either they are forced to, or they believe it will offer some sort of protection (most of the time it doesn’t in the 21st century, unless you are a lazy asshole). As said many times, the seniority system present in most unions encourages laziness because union members are rewarded mostly based on time in the union and not skill, ability, or effort.
What percent of people actually have multiple jobs?
Multiple jobholders by selected characteristics : U.S. Bureau of Labor Statistics (bls.gov)
Maximum rate of all employed who hold multiple jobs is 5.0%. That’s not many with multiple jobs. These numbers also don’t take into account what level/type of jobs those are.
I will agree with you in one instance where needing multiple jobs is BS. Teaching. Bachelor’s degrees are required and at least in my state, many teachers take a second job because the pay is abysmal. Teaching is a highly skilled job and should be rewarded as such.
And yes, most people are lazy.
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Of course you think it’s true, those are your words… Holy shit…
The video you posted was a lecture, no?
Also, if this is true: “The critique of Uncle Milty has been done plenty of times by those who are more evolved than I. A great deal of economists think he is a joke,” then doesn’t that by definition mean economists have in fact pushed back on his economic theories?
I understand reading is difficult for you, but once again Friedman was not posted for his thoughts on inflation, but rather to prove you will not watch anything you don’t see on Real Progress (I assume this is the evolution of Da Real News) or videos that align with your ideology.
You proved this to be true by your own words and actions.
You posted a video from a guy that thinks we can print monopoly money indefinitely because his understand of economics is roughly that of a 7-year-olds, which is slightly higher than your own understanding.
Imagine being you and accusing others of this.
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Prove this assertion.
No one even knows who Kelton is.
This is stupid. Some people are just not good at argumentation or debate. It’s also a wild position for you to take considering you can’t even define your positions let alone defend them in real time.
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I believe Mark Twain said it best. “Never argue with stupid people, they will drag you down to their level and then beat you with experience.”
This thread is clear evidence of that. It is impossible to win a debate when your opponent doesn’t or can’t recognize when they are wrong. For example, someone in this thread thought corporate profit was the same as capital gains for investors. When this was explained, Barney style, to this person they doubled down and tried to shift the goal post to something entirely different and called it “splitting hairs”.
Twain was a smart guy many of us on PWI should listen to more…
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There are literally people in this country that live in cardboard boxes… Millions of people have and are going through the same exact thing as this idiot. The difference is they don’t prey of low IQ American to support their “non-profit” lol.
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It doesn’t matter. His ideas have been critiqued plenty of times by people more evolved on this important subject than I and a great deal of economists think he is a joke.
Lmao, who is telling you what job to have or what to buy under Capitalism? The fuck are you even talking about?
Sorry, I have to go, my government appointed thug just arrived, pointed a gun to my temple, and told me to buy x,y, and z from amazon.
You never disappoint.
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An understatement for sure.
Agreed. Many of my professors are renowned experts in the fields (one even was on the history channel) and are the shyest people in the world. They would get crushed in a debate simply because debates rely more on emotion then evidence to sway the audience.
Reminds me I need to go reread Huck Finn
All he’s going to say is we haven’t gone bankrupt in 50+years therefore there is no way it could happen in the future regardless of the increasing slope of the debt graph vs time.
Imagine if we talked that way about climate change “well the world hasn’t flooded yet, so climate change must not be true…”
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