It is common knowledge here that I am a moron.
If a moron can do his own research, anyone can.
Q.E.D.
Except when you’re doing your “own research” in the fields of politics or economics. Then indoctrination takes over. Then the metamorphosis occurs and you become a puppet for the status quo.
… but haven’t you only done your own research in these fields???
2 Likes
I’ve decided to go out to the margins-where most of the good stuff is located-instead of guzzling the garbage coming out of the mainstream like most on here do. You can see the effects and results of particular outlooks and systems via real world evidence. What works for the bulk of society and what only benefits a few. It’s right there in front of your face, but most will fight against it as they’ve been indoctrinated by decades of propaganda. They refuse to challenge the status quo preferring to march along with the mainstream message.
And that has worked out fantastically for you.
What exactly have you changed or helped with your enlightenment?
1 Like
You and I both know it’s nothing but a bunch of pseudo-pious soapbox rambling.
2 Likes
So you still have only done “your own research”?
So what’s preventing “indoctrination” taking over in your case, while others it’s only possible for indoctrination to take over?
Is it only because you “go out to the margins”? I’ve read in this thread you poo-poo on Autrian economics yet that’s also considered “out to the margins” by the mainstream. It’s odd for such a self-styled highly enlightened intellectual such as yourself you seem to only accept MMT theory to be anything other than indoctrination, yet literally everything else is; even another “margin” theory such as Austrian theory…that doesn’t seem odd to you???
2 Likes
I see no need to research MMT in any extent.
- What difference would knowing more benefit my life?
- If I embraced MMT what would I do differently than I am doing now?
- Would I save more money, knowing about MMT?
- Would I spend more money?
What if the entire USA put their faith in MMT?
- How would it benefit me?
- How should I adjust my spending and saving?
You have avoided the most critical aspect in your sales pitch for MMT. What’s in it for me?
Please don’t tell me that I would no longer be ignorant of how the government operates economically. I don’t care, because you have not sold me on what’s in it for me. It all seems a mute argument to me.
I can mathematically prove E = mc2, from F = ma. Knowing that has not changed my life. I could say you should know how to do that, but I cannot tell you what’s in it for you learning to do that.
I never understood why people aspire to become experts on bad ideas. Academics like historians make sense, especially if they are teaching their students about bad outcomes.
That’s why I always get a kick out of condescending experts in shitty ideas. There’s nothing quite like the smug validation you get from being talked down to by someone who has invested huge amounts of time learning about wasteful, destructive and shallow ideas.
I don’t need to hear the entire bad idea fleshed out before I move on to something useful and productive.
3 Likes
I was indoctrinated for quite some time. What got me out of that rut? Listening and reading things that I was told is conspiracy-like and balderdash. It began to open my eyes and watching and listening to the mainstream, things started to make sense. Then you begin to see how the world really works and for whom.
Because a large majority of what they say is based on the gold-standard-which hasn’t been in play since 1971-yet people still espouse it as having viable economic parameters in a fiat economy. Why?
How so? Which subjects are considered “out on the margins” and why?
MMT IS NOT a theory. It is merely a description of how the economy actually works. If it IS true, it is not indoctrination. If it is false and foisted on people as the truth then it is propaganda.
Why? I do agree with most of your post.
It would make a world of difference. Politicians would not be able to gaslight their constituents about stupid shit like the debt or SS Trust Fund. They would be primaried by another and thrown out of office. They couldn’t be able to keep power over the public by making them frightened about stuff that doesn’t matter like the way they say it does. Over 90% of corporate politician’s arguments would fall apart if economic truth was known.
- Knowing the truth and when you are being lied to would make a big difference in itself.
2.You wouldn’t believe in the lies of the mainstream any longer, quit spreading them and quit living in fear about the debt and championing policies that make the most vulnerable in our society suffer over a lie. Policies would be enacted that would benefit the bulk of society, not the few. - You’d understand money more. Whether you’d save and or spend more would ultimately be up to you, because you and I are currency users, not issuers like the Federal government. We must earn revenue. The Federal government does not.
Thanks for reminding me how selfish people on here can be. As if knowing the truth and seeing people being alleviated of the pain their going through isn’t enough. People would benefit materially. Homelessness, hunger and lack of medical treatment could be eliminated.
So if nothing is in it for YOU it’s okay for others to suffer?
And like i asked before…what country or government has or is utilizing your fantastc, awesome MMT
Reading people/subjects that are ridiculed by the mainstream to help keep you blind to another way, one that does not financially benefit the upper class so they can keep power over the public and keep their status.
Finding alternative sources of media. So that you’re getting a different POV than the mainstream.
uhm…so you’re saying it’s labeled incorrectly? It’s not called “Modern Monetary THEROY”?
Can you prove that MMT is indeed how the economy works?? Or will you just point to some youtube video that also doesn’t prove anything and just espouses the THEORY???
That’s the same issue people have with Austrian economics btw - they espouse their theory of what sound economics are without mathematical proofs … hence the theory part.
At least there’s a good portion of their proponents who have tried to apply mathematical proofs - I haven’t seen anything like that from MMT (the T stands for THEORY btw) proponents…
Also, their whole thing is based on subjective value and praxis (action) … Have you read Human Action or anything around praxeology or have you only gleaned your insights from hit pieces on youtube (i.e. same way you seem to have gotten all your information regarding MMT (btw, the T stands for THEORY))
Their championing a sound monetary theory, limiting debt and scope of government and general opposition to the Federal Reserve
as I mentioned above - praxiology or Human Action/ subjective value - as long as people produce things others value, it’s viable or do you not believe people ought to produce things others hold as valuable? I’m assuming you believe in a top down directive of what is or isn’t valuable??
Sounds like to me you traded in one form of indoctrination for another … you come across as a fervent believer beholden to the rites of rituals of your new found monetary religion … do you not see any issues or shortcomings of MMT? Do you not approach it with a critical or skeptical mind set?
“the mainstream” is what, exactly? What “things” started “to make sense”? How did you perceive the world before and how did it start to “make sense”? I’m having a hard time believing you are giving your new found perspective the critical thought you claim others don’t…
2 Likes
Most of those in the upper class would be there no matter what people believe or know.
1 Like
And like I said before…the U.S. for wars and bailouts. How much money has been spent on the mid-east wars since the invasion of Iraq? And what about the $100 billion sent to Ukraine? Was this spending done by the raising of taxes? No. Was this made possible by the selling of bonds? Nope. It is MMT used for U.S. imperialism.
Would they be as wealthy and powerful w/o all the preferential policies?
The dumb will be with us always.
My best guess is that a fully implemented economic system to assure equity for all will reduce the value of the dollar. I am on a relatively fixed income. I am totally against MMT if this will be the result.
Look, I am 74 years old. Wait until I die. Then turn the craziness loose.
So bottom line. I am okay with the current seedtime and harvest. Sowing and reaping. Work ethic is the best sowing.
2 Likes
The name was given by a reader of their blog in the early days and stuck.
You need to watch them again and actually listen this time.
Another gold-standard relic.
Corporate media. They only tell you what they want you to know. The same story in the press in a European country will have paragraphs more of information that the U.S. doesn’t. Why? They lie by omission sometimes to keep you under control. So when you are given the whole story th world begins to make more sense. Rather than just being propagandized all the time and being kept in the dark for a reason.