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comment by b_b
b_b  ·  1395 days ago  ·  link  ·    ·  parent  ·  post: The world's largest airline by capacity is now... Southwest

Magic monetary theory





kleinbl00  ·  1394 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  ·  1393 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  ·  1393 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  ·  1394 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  ·  1394 days ago  ·  link  ·  

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