Monday, March 9, 2015

Jehu — More MMT boilerplate on how to fix capitalism without really trying

Giving opposition to MMT its say.

6 comments:

Peter Pan said...

Surely there is more opposition to MMT than from a deranged "Marxist" blogger?

Tom Hickey said...

To tell the truth, Bob, I don't go looking for it. This just caught my eye in a feed.

NeilW said...

You can oppose reality as much as you like. Eventually it reasserts itself.

At the moment it's looking like an ocean boiling fundamental reset.

Peter Pan said...

Reset that feed Tom, or visit your optometrist ;)

geerussell said...

Another person points to horizontal money as a "gotcha" to debunk MMT. That was a really low-effort piece.

Calgacus said...

Such people mean well, and I'm happy there are some people who seem to be having some success in educating him there.

But this passage was remarkable:

Parenteau says his aim is to help Greece “exit austerity without having to exit the euro.” This should not be hard since SYRIZA is now in charge of the largest single employer in Greece: the state. SYRIZA should at least be able to reduce the hours of labor for its employees to 24 hours and free them from labor. This would allow SYRIZA to reduce the cost of government and free up needed resources for vital social services and pensions, while moving society closer to the complete abolition of wage labor
Remind me of the scene in The Life of Brian when the Judean People's Front suicide squad - commits suicide in front of Brian, instead of getting him down from the cross. And I think it reminds old Karl Marx of that scene too.