Skip to main content

View Diary: How much longer can the Austerians and their puppets go on with their failed policies and lies? (125 comments)

Comment Preferences

  •  Let's say you're right,who on the Economic Counsel (0+ / 0-)

    agrees with you? Obviously if your perspective is correct, there must be someone on the NEC who shares your wisdom and is advising the President about your plan.

    "If the past sits in judgment on the present, the future will be lost." Winston Churchill

    by Kvetchnrelease on Tue Jan 29, 2013 at 05:53:31 PM PST

    •  And who agreed the earth was round ... (2+ / 0-)
      Recommended by:
      katiec, MKinTN

      in 1491?  You ever heard of visionaries?

      Just as with climate science, there is a very well organized effort to keep Chartalism/MMT in the shadows and off the front pages.  From this and past comments, looks to me like you are part of it, whether knowingly or not.  

      The foundations of MMT were laid almost 100 years ago.  It was essentially pure theory until the world went off the gold standard.  Unfortunately, only the small community of Chartalists/MMTers truly understand how fundamental that change was.  They're out there, you just have to be open-minded enough to seek them out and study their arguments.

      As someone upthread reminded us, "It's hard to get a person to understand something when his job depends upon not understanding it."  That applies to virtually everyone with any official capacity inside the DC beltway and in the "lamestream media" (maybe Sarah got one thing right?).

      •  Re (1+ / 0-)
        Recommended by:
        Kvetchnrelease
        in 1491?  You ever heard of visionaries?

        Just as with climate science, there is a very well organized effort to keep Chartalism/MMT in the shadows and off the front pages.  From this and past comments, looks to me like you are part of it, whether knowingly or not.  

        "They laughed at Columbus, they laughed at Fulton, they laughed at the Wright brothers. But they also laughed at Bozo the Clown." -Carl Sagan

        (-5.50,-6.67): Left Libertarian
        Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

        by Sparhawk on Wed Jan 30, 2013 at 03:02:48 AM PST

        [ Parent ]

      •  Chartalism is more like pre-Copernican in its view (1+ / 0-)
        Recommended by:
        FG

        of independent banking system and which is foundation of our free society.

        "If the past sits in judgment on the present, the future will be lost." Winston Churchill

        by Kvetchnrelease on Wed Jan 30, 2013 at 05:22:21 AM PST

        [ Parent ]

        •  Private BANKING is a free society's foundation!? (4+ / 0-)

          Thanks for clarifying where you're coming from.

          I'd agree that lately the US and Europe seem to be converging on that principle, which I'd characterize as "one dollar, one vote."  However, that's not the society I want to live in.  I kinda prefer the more traditional "one person, one vote."

          An "independent" banking system is only independent of democratic control.  It reflects the wishes of economic technocrats who are anything but independent.  Though they may clothe their policies in elegant (but patently oversimplified) theory, they are merely hired guns who quite effectively promote the interests of the kleptocrats whose money they're hired to protect.  How can such a system possibly reflect the interests of the broader society -- unless, of course, you believe that only the wealthy have legitimate economic interests?

          PS 1: I speak as a retired professional who is dependent upon the long-term value my savings and investments, so you can bet your bottom dollar I'm keenly aware of the danger of inflation.  But I'm also aware of the danger of a large class of fellow citizens who have no security, no future, and nothing to lose.  The US got lucky last time with FDR; depression didn't work out quite so well for Germany, and it might not for us this time, either.

          PS 2: Despite our essentially religious disagreement, I've always been amused by your username.  Thanks for the chuckles.

    •  Alan Greenspan actually got it, but he didn't (1+ / 0-)
      Recommended by:
      limpidglass

      believe in government's role of serving public purpose.

      So he believed that the wonders of fiat should only serve banks.

    •  Google: Galbraith Clinton's surplus. He (0+ / 0-)

      testified that Clinton's surplus would be followed by a recession.  It wasn't his fault that he was literally laughed at.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site