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Modern Monetary Theory (MMT) (Read 144397 times)
thegreatdivide
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Re: Modern Monetary Theory (MMT)
Reply #1425 - Feb 14th, 2026 at 4:47pm
 
Bobby. wrote on Feb 14th, 2026 at 4:29pm:
TGD,
don't tell me to wake up - it's numpties like you who
were responsible for the Weimar Republic in Germany going bankrupt,
and the money printing in Zimbabwe.


Uneducable: those hyper-inflation episodes have been explained many times on this board, whereas your delusional "equilibrium"  Neoclassical economics was blind-sided by the GFC.   

Quote:
Your thinking is leading us and many other countries to ruin.


We define "ruin" differently; homelessness and health-destroying c-o-l pressures among  low income people is ruin in my book.

Quote:
The end result will be another world war this time -
and I think it has already started.


Nothing to do with engineered poverty for low income people.
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Jasin
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Re: Modern Monetary Theory (MMT)
Reply #1426 - Feb 14th, 2026 at 5:09pm
 
I vote TGD for Mod of Economics Board Cool
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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.
 
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Bobby.
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Re: Modern Monetary Theory (MMT)
Reply #1427 - Feb 14th, 2026 at 5:16pm
 
Jasin wrote on Feb 14th, 2026 at 5:09pm:
I vote TGD for Mod of Economics Board Cool



TGD is a CCP shill.       Roll Eyes
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thegreatdivide
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Re: Modern Monetary Theory (MMT)
Reply #1428 - Yesterday at 10:31am
 
Bobby. wrote on Feb 14th, 2026 at 5:16pm:
Jasin wrote on Feb 14th, 2026 at 5:09pm:
I vote TGD for Mod of Economics Board Cool



TGD is a CCP shill.       Roll Eyes


Wrong.

1. You claimed China's ability to out-compete other nations in, eg, EVs, PVs and metals refining, rendering Oz unable to compete in global markets, is due to "illegal Chinese pricing". 

I pointed you to prof Keen's analysis of the WTO's delusional "comparative advantage" dogma, which explains why the WTO "freetrade rules"  have failed to engender prosperous development in ALL nations, and Trump's rejection of the international rules-based system. 

You are apparently too lazy to read and then offer your critique of Keen's brilliant expose' of the Neoclassical 'comparative advantage' delusion (post #1412).

2. As you already know, I'm highly critical of the CCP's management of China's economy, in the present era of Trump's pushback (he wants to maintain US global hegemony) against China because of dysfunctional WTO rules.

Fact is both China and India (and all developing nations) need to attain 'developed nation' per capita incomes, in a just global trading system which also avoids the rust belt phenomenom in developed nations.   [Prof. Keen has also addressed this issue in a previous post.] That's means India and China will be the largest economies in the world by far.

3. Indeed I'm interested in the theory of government - specifically, one-party meritocracy compared with  adversarial-party democracy, given the political instability caused by cost-of-living pressures on low and middle income groups, in most democracies around the world.

Does all this make me a "CCP shill"?


 
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« Last Edit: Yesterday at 3:07pm by thegreatdivide »  
 
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