Search results

This VOX article is a magnificent achievement. I can't recommend it highly enough to anyone curious about the new wave of thinking about money and economies known as MMT. MMT had its origin in the 1940s with economist Abba Lerner, was influenced by Minsky, then articulated by Bill Mosler...

OK. But your lack of knowledge of banking and fiat money economies gives me pause.

this looks on the low side for a wall that "just got 10 feet higher." I guess Donald's original plan was for a wall about 1 foot high. No wonder he knew it would be no big deal to get Mexico to pay for it. Actually the more I look at this it looks like the wall section the Obama admin had...

It is a good topic to disagree over.

Finally we agree on something. Economists should look at location of money ("who receives the money") within the economy.. It's a subject that has not been researched in nearly enough depth.

by default, I am always including the impact of money velocity were it is relevant and not where it is not. The government spends outside money into the economy and taxes money back out always in nominal terms. That money's effect in the economy is a function of its velocity which is largely...

I agree with this. However keep in mind that the effective money supply (that takes velocity into account) must grow with GDP to maintain stable buying power for the currency.. If you had outsize inflation already existing, increasing GDP without further deficit spending could tame it. But if...

It is not to enable growth, but because of growth the government must increase the effective amount of money in the private sector economy if deflation is to be avoided. The government can also spend to enable growth, but that's another issue.

This will not be resolved before the election of course. There will be a perfunctory appeal. I doubt the appeals court will hear the case -- The DOJ's position is bordering on frivolous I would say. It is unlikely to go further because of the absurdity of the DOJ's position. The Supreme court...

I don't think this is the first time I have mentioned to you how absurd this idea of yours is that sovereign debt should be repaid. This is such an easy thing to understand I don't know why it can't sink in with you. I'll explain it very simply. But before I launch into a more detailed...

A U.S. District Court has just ruled in effect, and to no ones surprise, that Rape and Slander are not official presidential duties, and therefore the U.S. tax payer shall not be saddled with the expense of defending President Trump against charges of slander stemming from the alleged Rape of E...

A title right out of late night television advertising, such as the lead title in this thread, is a warning to the buying, or in this case the would be reader. This article is hopelessly off base. I don't have time to list, let alone discuss, all the mistakes made. I'll just mention one or two...

Biden will win the popular vote by a wide margin. But who will be the next President is uncertain. It is going to come down to a couple states which the polls have as statistical ties right now.

I don't know a "tremendous amount", like Trump, about this topic. But it turns out, I do know the answers to at least some of your specific questions. Even on what seem like dry clear days, there are still far more water molecules present than CO2 molecules per million air molecules. In a...

It is permanent in the atmosphere but has variance both with respect to location and time. CO2 exhibits those same characteristics with somewhat less variance. When ppm CO2 content is reported it is always for dry air! But there is nowhere near the surface of Earth that the air is completely...

Indeed, that is my understanding too: that of CO2's quadruple roles as a) plant kingdom carbon source; b) Ocean buffer system component; c) lower atmosphere "blanket", and d) outer atmosphere shield, c > d . By far the most important greenhouse gas is water, naturally.

I have no data , nor will I bother to look for any. My information comes entirely from experts on Covid infections, whom I trust to know far more about covid than I. I merely pass the information on as a thankless service to you and others who may be interested. If you find relevant published...

jem's an interesting character. It seems at heart he means well, but he is a bit given to conspiracies, and he can surprise you with the occasional odd ball idea -- the fed is a private for-profit institutions, etc. In the matter of NO and CO2's role in the outer atmosphere, however, I think he...

Just to clarify one out of five young healthy people who come down with Covid get extremely ill, and a number of these take a long time recuperate. A subset of these go on to develop long lasting ailments. This is thought to be a result of vascular complications which can affect almost any...

Well I can get a flu shot. I am worried about the flu I can't get a shot for. That one kills thirty times as many as die from the other. It makes one out of five young, healthy adults extremely ill, and some of them die. Those that don't sometime develop debilitating ailments as a result of...