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@wbmosler @KelvinBSP @PhilArmstrong58 @GowerInitiative @andrewrawnsley @RichardJMurphy @MMTScotland @StephanieKelton @cepr_org @rethinkecon @patternholding @billy_blog @DeficitOwls @John_T_Harvey @PeterBofinger @CJFDillow Prof HG Despain: "Shifting normative grounds of government spending away from the false and unproductive idea that deficits are irresponsible and ruinous towards the productive political activity of deciding which spending programmes should be prioritised"
blogs.lse.ac.uk/lsereviewofboo…
@wbmosler @KelvinBSP @PhilArmstrong58 @GowerInitiative @andrewrawnsley @RichardJMurphy @MMTScotland @StephanieKelton @cepr_org @rethinkecon @patternholding @billy_blog @DeficitOwls @John_T_Harvey @PeterBofinger @CJFDillow This was Joan Robinson in 1943 on the idiocy of austerity. Many lessons were learned during the Depression and from full employment in WW2.
Lessons that were 'unlearned' by many who should have known better. Image
@wbmosler @KelvinBSP @PhilArmstrong58 @GowerInitiative @andrewrawnsley @RichardJMurphy @MMTScotland @StephanieKelton @cepr_org @rethinkecon @patternholding @billy_blog @DeficitOwls @John_T_Harvey @PeterBofinger @CJFDillow @ptcherneva "Bernanke, where the Fed [does QE].. for longer and longer because they can’t get Congress to provide enough fiscal support to be a partner in bringing about a recovery. And that’s what the shame was last time. We really just left it all to central banks"
alternet.org/2020/07/an-eco…
@wbmosler @KelvinBSP @PhilArmstrong58 @GowerInitiative @andrewrawnsley @RichardJMurphy @MMTScotland @StephanieKelton @cepr_org @rethinkecon @patternholding @billy_blog @DeficitOwls @John_T_Harvey @PeterBofinger @CJFDillow @ptcherneva "Real life experience. It’s so odd Nick, that this is another example of something where orthodox economics, the theory seems to contradict the empirical evidence [in contrast to MMT which makes more and more sense]"
via @NickHanauer @PitchforkEcon
pitchforkeconomics.com/episode/debunk…
@wbmosler @KelvinBSP @PhilArmstrong58 @GowerInitiative @andrewrawnsley @RichardJMurphy @MMTScotland @StephanieKelton @cepr_org @rethinkecon @patternholding @billy_blog @DeficitOwls @John_T_Harvey @PeterBofinger @CJFDillow @ptcherneva @NickHanauer @PitchforkEcon If you haven't yet got yourself a copy of The Deficit Myth then this will give you a good idea of what you can look forward to as its contents are very well outlined, broadly speaking.
pitchforkeconomics.com/episode/debunk… Image
@wbmosler @KelvinBSP @PhilArmstrong58 @GowerInitiative @andrewrawnsley @RichardJMurphy @MMTScotland @StephanieKelton @cepr_org @rethinkecon @patternholding @billy_blog @DeficitOwls @John_T_Harvey @PeterBofinger @CJFDillow @ptcherneva @NickHanauer @PitchforkEcon ".. Not inventing a new thing, MMT is an attempt to describe accurately what we have been doing for a very long time. And when you describe it accurately, it changes your perspectives on what you’ve been up to and why you’ve been doing it and what the upsides and downsides are"
@wbmosler @KelvinBSP @PhilArmstrong58 @GowerInitiative @andrewrawnsley @RichardJMurphy @MMTScotland @StephanieKelton @cepr_org @rethinkecon @patternholding @billy_blog @DeficitOwls @John_T_Harvey @PeterBofinger @CJFDillow @ptcherneva @NickHanauer @PitchforkEcon "Stop issuing monetary sovereign government debt securities [Government Bonds]. They are unnecessary. There is no compelling reason to issue them. They confuse people."
global-isp.org/policy-note-12…
@wbmosler @KelvinBSP @PhilArmstrong58 @GowerInitiative @andrewrawnsley @RichardJMurphy @MMTScotland @StephanieKelton @cepr_org @rethinkecon @patternholding @billy_blog @DeficitOwls @John_T_Harvey @PeterBofinger @CJFDillow @ptcherneva @NickHanauer @PitchforkEcon I'd forgotten how useful their Blogs and Fact Sheets were to me at the start. These appear to have grown already into a real treasure trove of Resources. Very easy to navigate and find your plat du jour with their excellent drop down main menu.
gimms.org.uk
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