Modern Monetary Theory: A Primer

When has this never happened or been possible even when / if it were illegal?

The people with the money will ALWAYS make the rules - always have in every society through history on this planet and always will.

I am not saying this is always ideal, but even countries you laude are in the same boat - they just hide it better or put on a front of being different. News flash - they aren’t.

I don’t care what form of government or economy you have - the money always controls.

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You mean to say humans are innately greedy?
No f***in way. This is brand new information!

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Ya, a dumb question.

Okay, so? The military serves a function. Currency trading serves no purpose except to make money for traders. It is worthless to the economy and the country. Congrats on contributing nothing to society.

Sure thing, boss. It’s me that doesn’t understand ideas. It’s definitely not you. You’re definitely the enlightened one. Absolutely.

This company previously called Google, now Alphabet, invented this really neat thing called a search engine. Perhaps, for once, you could answer your own dumb question without bothering me.

USMC: Name a product they produce that’s inelastic.
Zep: I know they don’t produce this, but here’s an example.

Why should I take you seriously?

Sure Mr. money grows on trees guy.

I love how academic papers are now the gold standard… Oh, sorry, I know you didn’t actually look at let alone read the study the author of this piece was referring to. I forgot who I was talking to for a second.

At any rate, one paper that creates a new measure with several caveats is hardly a slam dunk.


Do better.

Also, not that I expect you to know this because you know next to nothing, but the vast majority of companies aren’t issuers.

I imagine even you can operate a deep fryer.

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The U.S. is less capitalist with every new regulation and tax.

Do you, really?

America’s Deep Fried Turkey Accidents | Morrow & Sheppard LLP.

That’s over 1,000 fires a year caused by people who are probably far more competent than he.

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True, perhaps I am giving him more credit than he deserves.

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The article is about decentralization vs centralization. This is directly opposed to the concept of co-ops, which are essentially decentralization of decision making powers.

It indirectly points out the flaws of decentralized systems in general whereby the number of key decision makers increase while such decision makers are not familiar enough with the big picture to enact long-term strategies for growth and shorter term innovation.

Shit, I’m not interested enough to have an opinion about the author’s views but it shows you don’t even understand what you post.

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Because he didn’t read it. He googled a phrase and posted this article because of the title. I doubt he even clicked the link.

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And how many paragraphs mention this subject?

Oh no, decentralization! What will the free-market dick suckers think now?

Read it twice. You need to read it to help correct your modern day business outlook.

And when this greed destroys the environment or the lives of humans, the GREED needs to be curtailed by law. Consequences need to be felt.

Funny the Godfather of MMT(Warren Mosler)used to be in the banking industry for about a decade, if not more.

And which countries are those?

To kill people when you are invading other countries and control their resources. The ever-looking of capitalism’s way to exploit something for a profit. Rarely, if ever, for defense. Great purpose. Not to mention the financial corruption that it entails. Failing audits on a consistent basis.

Yeah right, dumbass. It affects inflation, balance of payments and corporate earnings. Retail traders like myself make up a small segment of FX traders. The market would exist w/ or w/o us. Retail traders just provide some liquidity. And most traders tend to lose money. Cograts on not having any idea what you are talking about. Just another example.

Your smugness is only surpassed by your absolute stupidity.

Has no effect on the over-arching point.

Still refuses to learn. But I know someday, someday it will come crashing down.
MMT on debt.

And what has been the cost to capitalism with the most recent regulations and taxes?

What effect has the Trump administration or Biden admin. had on regulation and taxes?

Maybe it does take more time to make a decision with all of the owners(workers) involved. But maximization of profit at almost any cost is NOT the goal.

You didn’t understand it, though.

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No one cares.

Nice justification for your capitalist greed, fucknugget.

You haven’t made a point.

Lmao

This is the part you don’t understand. Something that innate cannot be curtailed by law. Many have tried it over the centuries and the same results happen. Communism was supposed to kill that greed, but the exact opposite happened. The proletariat didn’t get equal slices of the pie. They got crumbs that fell off the crust while those in power got pretty much all of it.

Name one point or culture in history where greed has been curtailed/eradicated?

It’s a nice fantasy to think about. That’s it.

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My man literally survives off money volatility talking about people being greedy. Amazing.

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This.

It is like he is clueless on who makes the laws :melting_face::melting_face::melting_face:.

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No, he is clueless on everything

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