Exactly. If the theory was good, the answer would be clear.
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Well, it is clear: the whole thing is just a ruse to get people to voluntarily accept State control and ownership of the economy. He is just too stupid to understand.
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Yeah, that’s taking it too far. I don’t believe that’s true either.
And I’m misrepresenting it because it doesn’t jive with your narrative? It must frustrating to have to twist yourself in a pretzel just to keep your ideology on life support.
And how have I not offered anything? Ballsy, coming from someone like you.
Hhhmmmmm…he produced for a demand that wasn’t there? Seriously, think how sophomoric that is.
And how does this jive with MMT?
Again, you don’t understand at all. If someone is producing for increased demand the money would only be taxed away to cool down inflation. And since inflation is caused by too few products to buy, what sense does this make? Are other producers of goods not increasing production to meet demand and it is causing inflation?
a vague phrase is vague regardless of who uses it … appeal to authority doesn’t negate the phrase’s vagueness you dope.
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This is literally what MMT proposes - create a false (though MMTers dont think it’s false) demand for certain products through government contracts …this has been in at least 5 different explanations I have watched/read on how MMT would manage the economy (3 proponents of, 2 against)
That is not at all what causes inflation. That’s called price increase due to market forces. You speak about inflation just like the evening news and confuse all price increases with inflation.
Inflation is artificially increasing the money supply (like blowing up a balloon but your printing dollars). This devalues currency. Jesus fucking Christ, aren’t you a currency trader?
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You’re misinterpreting it because you’re ignorant.
Paul Ryan didn’t think so. He just shut up because he was put in his place.
The people ought to do this.
And what do the economists you follow say?
I don’t know exact numbers. Probably no one does. Are we at capacity for production? No. Then there is room to grow and alleviate suffering.
False. You were probably one of the cheerleaders crying about the unsustainable debt. When this obviously didn’t come true, then inflation was the next thing and I’m sure you’re now cheerleading on that subject. Unable to admit you are wrong you just switch to the next thing. You’d make a great modern politician.
You want exact numbers?
And what about the economic policies you believe are right?
Paul Ryan is a POS
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Jesus fucking Christ! How does one devalue a currency that has no intrinsic value?
Too few products to buy and more money in the economy that can’t buy the products needed pushes up price because of the scarcity of that product. That’s called inflation. Like when Zimbabwe had hyperinflation. There production of food went down either 40 or 60%. This pushed prices high. The printing of money came after.
Producing shit for the sake of producing shit doesn’t alleviate suffering. In fact, it would cause it in the long run.
You can’t simultaneously cheer for increased production and champion climate change (as you have in the past in other threads). They are antithetical to each other.
Inflation is a fucking problem unless you haven’t been paying attention the last 2 years. Deficit spending and inflation are tied together, whether you believe they are or not.
Again, the debt and the country are yet young. 50 years is not enough to say the country can carry on indefinitely this way. Will it implode tomorrow? No. Will it implode 25 years from now. Possibly.
I haven’t switched shit. Tell me where I was wrong in my post that MMT creates false demand through government contract to artificially increase production? This is in literally every argument for MMT.
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Does haven’t to be exact numbers.
How about ratio of debt to GDP? Or ratio of debt increase to inflation? Or unemployment to inflation? Anything.
What is the benchmark? As far as I can tell there isn’t one. There is no control scheme placed on the theory that is tenable therefore the notion that the theory could control inflation or snowballing debt (which you just admited today continued spending without end is a bad idea and contributes to inflation) is ludicrous.
Agreed.
Then please explain your economic beliefs.
So…?
There should be no* interference in the economy. All transactions should be voluntary and non-fraudulent.
*if there is going to be any interference at all, it should be minimal and only for the purpose of ensuring that all transactions are voluntary and non-fraudulent.
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