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Modern Monetary Theory (MMT) (Read 167945 times)
thegreatdivide
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Re: Modern Monetary Theory (MMT)
Reply #1515 - Yesterday at 5:30pm
 
Gary Stevenson answers Rory Stewart - and gets an apology.


Am I a real economist? The Rory Stewart debate

https://www.facebook.com/garyseconomics/videos/am-i-a-real-economist-the-rory-st...

.....

Turns out Stewart himself isn't an economist:

(google AI)

Rory Stewart is not an economist. He is a British academic, writer, broadcaster, former diplomat, and former politician who served as a Conservative Member of Parliament (MP) in the UK. He co-hosts the podcast The Rest Is Politics and works as an academic teaching international relations and grand strategy

..."grand strategy"...to keep the working-class poor...

whereas

(google AI)

Gary Stevenson holds a Bachelor of Science (BSc) in Mathematics and Economics from the London School of Economics (LSE) and a Master of Philosophy (MPhil) in Economics from the University of Oxford

.........

Oh dear, the argument over taxation continues unabated; some 'left-wing' economists support land taxes (eg, Andy Neidle - the "the UK's most rspected tax policy expert"); some support changes to CGT.


And then there's the dime-a-dozen Conservative dummies like Stewart who  positions himself as a fiscal conservative who prioritizes long-term public finance stability and economic productivity** over un-funded tax cuts. He has historically opposed "reckless" or unfunded tax-cutting promises and skepticism toward wealth taxes, emphasizing fiscal discipline:  (google AI)

..."fiscal discipline" - meaning "let the poor eat cake".....

As if "economic productivity" relies on billionares and high wealth individuals paying lower tax rates than lower income groups.


Of course, after considering, eg, twitter comments re MMT for a bit,  he considers himself equipped to reject MMT, and so is turning his guns on a wealth tax which is more in the social discourse than MMT at present.   

Deplorable.

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