Not surprised hes a communist
What makes you think this?
One of the necessary functions of propaganda is the need to control all press … that doesn’t exist in the US. There are plenty of alternative news outlets that do a great job pointing out the blatant propaganda…
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You can only complain that everywhere you go smells like shit for so long until it’s time to check your shoe.
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You don’t get it…he’s right because he unburdened his mind from indoctrination and the plebeian thoughts of us foolish rubes.
He can’t be wrong because the ground he treads is holy….
Of course Satan once tread holy ground too.
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Leave it to Twain.
And maybe if he said the sun will rise tomorrow he’d be wrong, because he’s a communist.
It wasn’t easy to admit the things I once believed were wrong. Expand your mind and break free from the daily propaganda.
It controls at least 90% of media and almost all of the mainstream, where the masses get their “news”. Are you saying that propaganda doesn’t function unless ALL press is in on it? So us that get an alternative source of news are called crazy by people like you.
Back in the 80’s I believe there were about 50 corporations who owned the media. Now it’s about 5 or 6. A natural outcome of capitalism with it’s mergers and acquisitions. Build an oligopoly for the oligarchy! Mo’ money.
Thats a double edged sword if I ever saw one.
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You again posted a quote that makes you look like a dolt.
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I watched this video and listened to the stooge who was narrating it and he said inflation is ALWAYS a monetary issue. Caused by printing too much money and then he gave examples citing Zimbabwe as one. What he doesn’t tell you or even know himself is that the printing of money came AFTER the significant decrease in production of food. And this was the spark that set off the inflation problem.So the inflation was started by a significant decrease in production NOT the printing of money that caused the hyper-inflation. So why would I believe his criticisms are on point if he either misrepresented the MMT explanation of hyper-inflation in Zimbabwe or misunderstood it? He spoke about this around the 3:13 mark. At about 15:33 he mentions Professor Robert P. Murphy of Texas Tech who debated Warren Mosler of MMT. Here during a debate Murphy could not get away with misrepresenting MMT because Mosler was there to correct him. You can watch this debate as it is on YouTube.
I knew this would be your exact response because you can’t handle criticism of your pet theory.
Please tell me again how one gets an economy to full production capacity (which is also not necessarily a good thing) and goes to zero unemployment?
That situation is a prerequisite condition of the ability of MMT practices to control inflation.
He has a better grasp on hyper inflation than you do, that’s for sure.
How does MMT account for the fact that even though production levels have come back to prepandemic rates for the most part (look at oil in graph) inflation rates are still sky high?
Again, debates are fucking worthless in the world of academia.
This might be the most confusing thread in all of existence. I have no clue what is going on, and I feel like my brain cells will melt away if I attempt to even skim all this.
Seriously, what is going on 
You don’t need to bother. It’s gone something like this
OP: “MMT is not a theory it’s the way money works”
Other posters “MMT falls apart for these reasons - here’s published evidence”
OP: “Nah ah- you’re all brainwashed rubes. Go watch this debate…”
Repeat
It’s reached “OK boomer” point or whatever the equivalent saying is for a radical lefty.
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What are you basing this on? Evidence please.
It’s present but ineffective. You clearly have people telling the emperor he had no clothes early and often.
So do you stand by your statement the US is the most propagandized country in planet Earth?
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Because the guy was wrong about the origins of inflation in every country he named. If this was a debate w/ an MMT economist he never would have gotten away w/ it. Like Professor Murphy in his debate w/ Mosler. He basically didn’t even try. He tried pushing back on a few points but got shut down by Mosler,
Have all the supply chains been issues been corrected? What of all the corporations who are inflating their sales price for profits only, not because of inflation?
When this problem arose in the early 70’s when Nixon was President, he instituted wage and price controls. Anyone who elevated their prices during his wage and price controls would be prosecuted and have gone to prison. Guess what? Inflation of prices stopped. So if anyone tells you that this inflation can’t be corrected now you know. But Biden is too weak and too much of a corporate tool to do anything about it.
For an expert on this subject you can check out Pavlina Tcherneva of Bard College and and a research scholar at the Levy Institute of Economics. Tcherneva’s work is on macroeconomics issues, where she is conducting research in the field of fiscal policy,[3] with a focus on full employment.
To you, of course they are, you wouldn’t want anyone showing up the current stooge you believe in. This guy got wrong every origin of inflation on every country he named. Even a casual student like me knows this. He obviously doesn’t understand. But yet you hold his criticism up on a pedestal.
Believers in current economic theory post a video or something else. When someone who is a believer(me) in heterodox economics(namely MMT) posts evidence to the contrary written or in video format. The other side just buries their head in the sand, posts papers and says debates are worthless between experts. Look at the posts if you believe I’ve made that one up. Yep, they’ve actually said debates are worthless. It is far easier to do hit and run criticism then have 2 points of view battle it out in a debate. Wouldn’t want your guy to get exposed.
You mean the shitty little no name liberal arts school that tries to champion every far left ideal (this is easily seen from reading their website)? Of course they are going to push this way.
You don’t know - you regurgitated some bull shit fed to you by progenitors of a bull shit theory. How many books have you published compared to the youtube video creator (all his works were linked)? I am sure you know how to research better than him. GTFOH!
Academic writing allows for nuanced rebuttal. One can actually cite the writings of others and pick them apart if so inclined (as those I have posted have done). Much more detailed than a fucking debate.
This is a claim that needs proof. I posted in the other thread that percent profits are remaining fairly constant over time across many industries.
As you can see net profit margins are about the same as the 5 year average, with most losing against the 5 year average except the energy sector (which is only part of the economy):
You got good brains dude. Save it for important stuff.
Mines wrecked. Now rendered nothing but a tangled mess of bro-science and free porn clips.
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