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comment by kleinbl00
kleinbl00  ·  1376 days ago  ·  link  ·    ·  parent  ·  post: The world's largest airline by capacity is now... Southwest

I'm into it. but then I'm reading whatsername's MMT book which is basically Laffer Curve Communism so I'm maybe crazy at the moment





b_b  ·  1376 days ago  ·  link  ·  

Magic monetary theory

kleinbl00  ·  1375 days ago  ·  link  ·  

There will be a 'bl00's review.

If you look up anyone's review of MMT you mostly get piss, vinegar and outrage. This is unfortunate, and fundamentally due to the fact that the people who review MMT disagree with its dogma, not its construction. Dogma be damned, the justifications, arguments and construction of MMT are fucking phantasms.

I'm finishing this book mostly so I can be a dick to people about MMT.

thenewgreen  ·  1374 days ago  ·  link  ·  

Please do write the review of anything to do with the laffer curve. If you've already done so, please share. My conservative uncle keeps throwing it in my face like it's proven theory. The "gravity" of economic policy.

kleinbl00  ·  1374 days ago  ·  link  ·  

You would likely enjoy the writings of Ken Galbraith. He was a clever guy and a pithy writer. That "known unknowns" quote we blame on Rumsfeld started life as

    “There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”

...when talking about the Federal Reserve in The Great Crash. Here's what he had to say about the Laffer Curve:

    “If you feed enough oats to the horse, some will pass through to feed the sparrows."
b_b  ·  1375 days ago  ·  link  ·  

I don't know too much about the subject, but what I've read ranges from "printing money while interest rates are low isn't new" to "these people don't believe in math."

kleinbl00  ·  1375 days ago  ·  link  ·  

It's an argument of cause and effect where cause is "whatever, I do what I want" and effect is "lalalalalalanotlistening".