- 03 Jun 2018 08:19
#14920554
Several MMTers have explicitly said that [paraphrased] --- getting a degree in economics is learning a whole lot or vastly mostly a bunch of incorrect facts. Or, that getting a degree in economics is getting a degree in bullshit. This is why no Main Stream Economist predicted the crash of 2008. And this crash did hurt the paychecks of a lot of economists [except those who were bailed out by $27T in Gov. loans to keep the big banks, etc., from failing].
Many of us [the posters and lurkers here] would agree that getting a degree in Creation Science from a Christian Univ. is getting degree in bullshit and is learning a bunch of incorrect facts.
So, when I'm arguing with Crantag and posters like him; I'm arguing with a graduate economist who paid his money to be taught economics. He [they] assumed that the facts they were learning are correct. They paid their money and spent their time in good faith. It is not their fault that they were swindled. But, were they swindled?
. . . MMTers will tell you that they are systematically excluded from the curriculum of most all economics degree programs. That their theories are not given a fair hearing. MSE would say that MMT is obviously wrong so they don't teach it. After all, should biology departments be forced to teach Creation Science?
I ask the lurkers to give MMT a fair shot. Do you home work. Unlike evolution, economics matters to *all* the people of every Western nation. If the Gov. is using a deeply flawed theory of economics then your income will be impacted, almost always in a negative way.
BTW --- Europeans have a different problem. You use the euro. So, your Govs. are more constrained than US, UK, Canada, Aust., NZ, etc. Nevertheless MMT is still a better theory. Your lives would be improved if the ECB & IMF, etc., believed in MMT instead of MSE [aka Creationism ].
A few new to me links to get you started. From 2015 though.
The roots of MMT do not lie in Keynes. [A maverick position in MMT.]
http://bilbo.economicoutlook.net/blog/?p=31681
Greece – now the conservatives are denying there was austerity.
http://bilbo.economicoutlook.net/blog/?p=31665
More recent but youtube. And he just mostly reads the power point slides to you.
Many of us [the posters and lurkers here] would agree that getting a degree in Creation Science from a Christian Univ. is getting degree in bullshit and is learning a bunch of incorrect facts.
So, when I'm arguing with Crantag and posters like him; I'm arguing with a graduate economist who paid his money to be taught economics. He [they] assumed that the facts they were learning are correct. They paid their money and spent their time in good faith. It is not their fault that they were swindled. But, were they swindled?
. . . MMTers will tell you that they are systematically excluded from the curriculum of most all economics degree programs. That their theories are not given a fair hearing. MSE would say that MMT is obviously wrong so they don't teach it. After all, should biology departments be forced to teach Creation Science?
I ask the lurkers to give MMT a fair shot. Do you home work. Unlike evolution, economics matters to *all* the people of every Western nation. If the Gov. is using a deeply flawed theory of economics then your income will be impacted, almost always in a negative way.
BTW --- Europeans have a different problem. You use the euro. So, your Govs. are more constrained than US, UK, Canada, Aust., NZ, etc. Nevertheless MMT is still a better theory. Your lives would be improved if the ECB & IMF, etc., believed in MMT instead of MSE [aka Creationism ].
A few new to me links to get you started. From 2015 though.
The roots of MMT do not lie in Keynes. [A maverick position in MMT.]
http://bilbo.economicoutlook.net/blog/?p=31681
Greece – now the conservatives are denying there was austerity.
http://bilbo.economicoutlook.net/blog/?p=31665
More recent but youtube. And he just mostly reads the power point slides to you.