tag:blogger.com,1999:blog-1885549900454136918.post8604241407492054464..comments2023-08-11T08:06:28.810-07:00Comments on Slobber And Spittle (Archive): A Thought For Black FridayCujo359http://www.blogger.com/profile/10385213658828021737noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-1885549900454136918.post-73284224456365791782012-12-02T07:47:21.669-08:002012-12-02T07:47:21.669-08:00MMT was only selected as antithesis of the Chicago...MMT was only selected as antithesis of the Chicago School of Theonomic Phrenology. What is being presented as MMT is incomplete which leads to skepticism, as it does not incorporate either taxes nor savings (retained earnings) as part of a comprehensive monetary management of the economy. Nor does it address the flow and management of sovereign funds, hedge funds, and other great accumulations of wealth seeking a return (economic extortion) without involvement in economic production. A complete MMT would also incorporate some form of capital consumption component, capital has become eternal through corporate trusts, that capital needs be used up towards socially acceptable ends while allowing replacement of consumed capital (turnover of capital similar to turnover of stock) since most capital of this kind is the product of monopoly or monopolistic control of markets.<br /><br />Your point of unrestricted government control of economic power is well taken. It is the reason the quasi-governmental, quasi private Fed was created with such loose tethers. The executive could appoint the chair and the legislature could legislate but neither could directly control its relationship with the Treasury. As most large regional banks are represented either directly in the regional structures or indirectly through those regional structures in the governing board of the Fed, those having the most intimate knowledge of local economic conditions and needs have a direct input into decision making based upon economic facts rather than political ends. This system worked well until it was replaced by apparatchiks of neoliberalism. And then it didn't work. This is what needs looked at and fixed.<br /><br />Will admit to having no letters after the name but a lifelong curiosity in the world about. The autodidact within speaks. Thanks for the forum and make sure your representatives are well educated and not some slick talking charlatan.Expatnoreply@blogger.comtag:blogger.com,1999:blog-1885549900454136918.post-9393478023462078002012-12-02T02:23:37.909-08:002012-12-02T02:23:37.909-08:00I'll settle for an acknowledgement that Keynes...I'll settle for an acknowledgement that Keynesian economics got us out of the last depression, and what it recommends is what's going to get us out of this one, too. And yes, no mention of "free markets" or the like is an absolute must.<br /><br />I have to admit to some skepticism about MMT. Much of what it says sounds reasonable, but at the end of the day, letting government simply spend whatever it wants with seemingly no restrictions may not be the best idea, either. To me, that's what MMT sounds like so far.<br /><br />Needless to say, I don't have a doctorate in any form of economics...<br />Cujo359https://www.blogger.com/profile/10385213658828021737noreply@blogger.comtag:blogger.com,1999:blog-1885549900454136918.post-52125042198560252492012-12-01T03:12:31.636-08:002012-12-01T03:12:31.636-08:00A new rule of thumb for voting. If a candidate for...A new rule of thumb for voting. If a candidate for national political office does not have a valid post-doctorate in MMT economics, they will not receive your vote. If a candidate for state office does not have a doctorate in MMT economics, they likewise will not receive your vote. Candidates for local and county office not having a masters and working for doctorate in MMT economics, will not receive your vote. It is time to draw the line in the sand on ignorance in public office.<br /><br />If a candidate for public office so much as mentions: Free markets, invisible hand, trickle-down, market self-regulation or supply-side, they should be immediately branded as liars, tarred and feathered and railed as far away as possible.Expatnoreply@blogger.comtag:blogger.com,1999:blog-1885549900454136918.post-35445786531522583922012-11-25T21:43:25.904-08:002012-11-25T21:43:25.904-08:00Becoming more evident everyday are variety shops o...<i>Becoming more evident everyday are variety shops of Chinese goods as more people are looking for the cheapest prices to further their incomes/savings.</i><br /><br />Kinda how it went here, too, with the Walmarts. As people had less to spend, they started spending it on cheap imports and stores that treat their employees like interchangeable parts.<br /><br />And yes, it's good that you mention that bit about unions not being an enemy. A lot of folks in America seem to think so. They can be, and have been, pretty useless at times, and I am personally familiar with wondering where all those union dues went to. Still, they don't have to be that way, and some have shown a genuine interest in making their members' lives better. What's more, it's pretty clear that they're one of the few ways employees at large companies can get fair treatment from their employers.<br />Cujo359https://www.blogger.com/profile/10385213658828021737noreply@blogger.comtag:blogger.com,1999:blog-1885549900454136918.post-56307413678103522642012-11-25T01:39:45.319-08:002012-11-25T01:39:45.319-08:00Here in Spain there still is a healthy mix of tien...Here in Spain there still is a healthy mix of tiendas (shops) offering a huge variety of product options, actually being spoilt for choice for most products. Unfortunately a 25%+ unemployment rate has put a dent in demand and the increasingly vacant shops are becoming quite noticeable particularly on streets outside the dominate shopping areas. The future promised by austerity will collapse businesses even in the best addresses as the economic system goes into its version of cardiac arrest. Becoming more evident everyday are variety shops of Chinese goods as more people are looking for the cheapest prices to further their incomes/savings.<br /><br />Walmart and their like are indeed economic expletives (do not delete). Support your local union workers and those who hire them, they are not your enemy.<br /><br />Expatnoreply@blogger.comtag:blogger.com,1999:blog-1885549900454136918.post-85801701052387421952012-11-23T11:40:11.891-08:002012-11-23T11:40:11.891-08:00Sadly, in many places in America these days, there...Sadly, in many places in America these days, there are no good alternatives to Walmart. Still, there are lots of us who do have alternatives, and right now is an excellent time to make use of them.<br />Cujo359https://www.blogger.com/profile/10385213658828021737noreply@blogger.comtag:blogger.com,1999:blog-1885549900454136918.post-90950801787823752862012-11-23T05:56:54.181-08:002012-11-23T05:56:54.181-08:00That pretty much sums that up quite nicely.
When ...That pretty much sums that up quite nicely.<br /><br />When you speak of buying local the number of local businesses these stores replaced has to be staggering.One Flyhttps://www.blogger.com/profile/03772881642197609507noreply@blogger.com