I guess the economic collapse of the soviet union didn’t happen. I can’t believe they didn’t just print more ruble. Problem solved.
You want a single entity to control the economy.
Oh no your vaulted peer-reviewed gold-standard way to help prove things.
A divorce and job loss with everything that follows IS NOT a hiccup. Is it as bad as what that girl went through? No.
All brought to you by the government and the M.I.C. who has a good deal of control over them.
Not true.
You don’t want it to but it does.
The people I post can defend their positions in a debate. Can’t say the same for people you believe in.
Ah no…like most people, I can tell who won a debate. Just like the attendees.
Holy fuck you are a moron. Capitalism is literally corporations controlling the government, who essentially control just about everything.
China’s one child policy was done away with years ago.
Like Uncle Milty?
Pot, kettle black. Your post proves this.
Do you have a bastardized version of the economic system you believe in or are you an expert?
When did I say or imply that?
Lmao, we were having a discussion on bosses telling you what to do. Newsflash that happens on every job I can think of.
And they were most likely hired by Amazon to do so. Bwahahaha… Truth is stranger than fiction.
Here is an article where Milton admits his main theory, the one for which he was most known for, monetarism was wrong. Sorry it won’t let me post saying"sorry you can’t post a link to that host"
The article was in the Guardian. It was written by William Keegan. Why is it over 20 years old? Well Milton has been gone for a bit of time.
No, it’s true because it is…Holy shit…
[quote="usmccds423, post:2341, topic:280538
then doesn’t that by definition mean economists have in fact pushed back on his economic theories?
[/quote]
During the lecture, when he was free to bloviate on his wrong analysis, no!
Watched this garbage. I have read about Milton prior and knew of his theories being debunked, so why would I watch one of his videos when his economics have been so wrong? To learn wrong things and bloviate about them like you?
And you don’t even understand the basics, even though it has been stated plenty of times. Just more ignorance from you.
And why do you think they want to?
Why is it easier to believe that 100’s of millions of people are lazy rather than 100’s or thousands of people are greedy helping to rig the system for themselves and keep the workforce desperate?
Watch any presidential debate and poll the audience. Majority of people will say that their pre-selected front runner won the debate because they base their winner on emotion and confirmation bias…it’s a fallacy.
You sited Enago Academy? A group dedicated to getting newer people published and pushing the idea that their services can get on through the red tape of academic publishing? Not surprised they made an article like this.
Did you even read the article? The system caught the flaw
" In November 2014, *Nature*, the international weekly journal of science, published an article about peer-review rings, where peer-reviewers colluded to review each other’s work, with glowing reviews of course. Unfortunately, the unusual speed with which those reviews were performed and delivered to the journals – often within 24 hours – led the journal editors to be suspicious about the quality of work being performed."
Yeah, there are issues with the system - as there is with every system…it’s still better than a fucking pointless debate.
Yeah, it really is.
Routinely criticized by a large number of economic academics - just use google scholar and one can find these papers easily. Even with Google’s liberal bias influencing the algorithm
Well, I don’t believe in anyone. Data & facts reign supreme. Two items you have repeatedly proven not to be able to interpret correctly.
Feel free to move to Venezuela, China, Vietnam, or even former USSR and tell me how the government actually controlling things worked out for the better. Fact is, there are no examples where communism/marxist thinking has provided a better outcome economically for the people under it.
Still existed and the impacts are still being felt today. Similar how moving to fiat currency is continuing to have an escalating impact in modern US and other countries.
This is what happens under communism. Or did you miss USSR history in your supposed college education.
It’s not easier - everybody is inherently both lazy and greedy. It’s displayed throughout the animal world. Predatory animals want the biggest share of food for the least amount of work. Ever watch lions? The lionesses do all the hunting and the Lion still gets the spoils and then sleeps the rest of the day - Lazy and greedy. Same thing plays out in humans, we just have a more developed prefrontal cortex so the way we accomplish the goal is different.
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Maybe I’ve misunderstood. Are you just advocating for a completely voluntary shift to a “worker-controlled”(I can’t remember exactly which terms you have used) economy? If so, that’s cool. I’m not really interested in such, but I respect your position.
Meaningless drivel.
what??
Okay, and? I literally don’t give a fuck about Milton Friedman. Jesus Christ, dude. There isn’t a single post on the entire internet where I agree or disagree with Milton Friedman about anything.
Yes, I’m sure what you’ve read was a bias free look at the work of Milton Friedman. It most definitely wasn’t some communist sitting in his mom’s basement writing a rebuke of Friedman’s work…
I have read of MMT prior and have a functioning frontal cortex so why would I watch a video on MMT when I know it’s complete nonsense? See how that works? Doubtful, but I tried.
You are still not getting the point, which of course is not surprising.
No, it hasn’t. You have not stated the basic principles of MMT in this thread. You don’t know them.
I posted a blurb from real progress, the site you linked, that shows this is a basic tenant of MMT.
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It’s really not his fault. Being dropped as baby and all those prenatal cigarettes took their toll long before he had a chance to screw it up.
Maybe I’m wrong, but if every single person I ever met was like “dude you’re kind of a fucking idiot” I feel like I’d take a step back and re-evaluate my thoughts.
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No way…
There is clearly something else going on here. Issuing more currency cures inflation.
A recent UK press conference (probably)
“We’ll just raise taxes later to take that currency out of the economy while also creating false demand through government contracts. Don’t worry, I read Kelton’s book. This will work.”
“Uhh, sir, where is your evidence to back this up”
“You just have to trust me…”
“But, uh, injection of currency has only worsened infla…”
“NO, you’re wrong…next question!”
That presupposes having a modicum of self awareness. Something clearly missing here.
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I did think of that. I guess I just can’t imagine lacking self awareness to that degree… It’s wild.
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And where is their level of production?
Did all the currency creation to pay for all those undeclared mid-east wars cause inflation?