John ‘John’ Morrison

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John ‘John’ Morrison

John ‘John’ Morrison

@J_MoAGoGo

#36 Chad on Kick

The House of the Rising Sun Katılım Haziran 2011
916 Takip Edilen1.2K Takipçiler
Ramanan
Ramanan@Ramanan_V·
@J_MoAGoGo They pride themselves as few who understand everything as a whole, so won’t accept or concede on that.
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John ‘John’ Morrison
John ‘John’ Morrison@J_MoAGoGo·
Burying their heads in the sand. Many MMTers’ adherence to Mosler’s view on trade has turned a once vibrant theory into a dogma and the community has become dominated by cranks.
John ‘John’ Morrison tweet media
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Amanda Pike
Amanda Pike@AmandaP79729587·
We had a decent Labour PM but Israel wanted Starmer the Puppet and organised his replacement, the purge of everyone on the left and everyone who supported Palestine. SIMPLE. Burnham has said NOTHING about Israeli atrocities. Nor has a Labour cabinet now funded by Israel. Young people will vote GREEN unless Labour separates itself from the Israel Lobby.
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@justsurfing
@justsurfing@justsurfing12·
@J_MoAGoGo It won’t be. It’ll just be added to the list because the problem is not revenue it’s spending. Too many people are too dependant on the government that’s what needs to change.just like income tax it will be applied to everyone eventually. The cost will be passed to renters too.
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John ‘John’ Morrison
John ‘John’ Morrison@J_MoAGoGo·
I think we should refrain from speculating about each other’s intentions, especially when the quoted passage doesn’t come close to saying what you said here. Warren does not describe any constraint that the BOP imposes on growth or employment
John ‘John’ Morrison tweet media
Bill Goggin@wgoggin

Mosler said it. It takes a deliberately selective (and not well-intended) reading not to see it: “As long as they want to send us goods and services without demanding any goods and services in return, why should we not be able to take them?” In any reasonable person‘s mind …

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John ‘John’ Morrison
John ‘John’ Morrison@J_MoAGoGo·
Where does any MMT author say this, and where does any MMT author connect this to the implications for pursuing full employment. Because this means that governments cannot always ensure full employment
Bill Goggin@wgoggin

MMT never said that the nation’s growth rate is unaffected by the size of the trade deficit. In fact, the exact opposite is true. MMT suggests that a trade deficit that undermines foreign willingness to save in dollar denominated assets could reduce growth rate to zero. ZERO!

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Darren Quinn | Modern Money Economist/Educator
Darren Quinn | Modern Money Economist/Educator@AusMMT·
No you are not. You say you want sustainable external debt. That invokes Thirlwall's law. Thirlwall's law requires unemployment. You say you are against unemployment and accuse me of putting words in your mouth. Either you were speaking plainly and understood this or you are crying foul because you did not recognise your own error.
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John ‘John’ Morrison
John ‘John’ Morrison@J_MoAGoGo·
This is the lack of rigour I’m talking about from MMT proponents today. “MMT acknowledges potential constraints, yet we also think we can always achieve full employment no matter what”. Even from one sentence to the next there’s contradiction and inconsistency
John ‘John’ Morrison@J_MoAGoGo

@AusMMT @ProfHall1955 @wbmosler @petrock @ProfSteveKeen @baylissbaghdad There is such lack of rigour in your thought here though. “We recognise constraints, yet also we’re not constrained from reaching full employment and maximising domestic demand”.

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John ‘John’ Morrison
John ‘John’ Morrison@J_MoAGoGo·
This is the exact lack of rigour that I was talking about though. It’s not “if so”. The pursuit of full employment itself potentially puts external debt on an unsustainable path. MMT treats every CAD as evidence of foreign sectors desire to save, which is a tautology.
Bill Goggin@wgoggin

JFC, John, the constraint BOTH domestically and internationally is that folks must be willing to save in dollar denominated assets. That’s ALWAYS been the MMT position. If so, and resources are available, here and abroad, FE can be ensured by maintaining demand w/o inflation.

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Darren Quinn | Modern Money Economist/Educator
Darren Quinn | Modern Money Economist/Educator@AusMMT·
@J_MoAGoGo @wbmosler @petrock @ProfSteveKeen @ProfHall1955 @baylissbaghdad x.com/AusMMT/status/…
Darren Quinn | Modern Money Economist/Educator@AusMMT

@wbmosler @J_MoAGoGo @petrock @ProfSteveKeen @ProfHall1955 @baylissbaghdad And even then it is not as constrained as he states, see Bill Mitchell, Fadhel Kaboub, yourself, etc. That doesn't mean there are NO constraints, though. << That is where constructive critics seem to stumble.

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Keşfet

@Burnbefreading @clintballinger @PatriciaNPino @ProfSteveKeen @petrock @AusMMT @ProfHall1955 @baylissbaghdad