SERVING THE QUANTITATIVE FINANCE COMMUNITY

 
User avatar
Randor
Topic Author
Posts: 54
Joined: October 8th, 2005, 8:33 am

Seven Deadly Innocent Frauds of Economic Policy - Mosler Economics

November 29th, 2018, 11:32 am

i am curious as to what peoples views are of this - MMT

https://moslereconomics.com/wp-content/ ... s/7DIF.pdf
 
User avatar
ppauper
Posts: 69355
Joined: November 15th, 2001, 1:29 pm

Re: Seven Deadly Innocent Frauds of Economic Policy - Mosler Economics

November 29th, 2018, 4:27 pm

the first one was addressed back in 1946 by Beardsley Ruml, Chair of the NY Fed
taxes for revenue are obsolete
The Bank of England was established in 1694 after the king had defaulted on loans following a defeat by the French.
Rather than print money himself, which everyone would have seen through, the King would issue bonds and the Bank would print money to buy the bond.
 
User avatar
DavidJN
Posts: 1702
Joined: July 14th, 2002, 3:00 am

Re: Seven Deadly Innocent Frauds of Economic Policy - Mosler Economics

December 4th, 2018, 3:57 am

It is fascinating reading, at first blush its hard to tell if the guy is the next prophet (profit?) or a nut. There seems to be a lot of the confidence fairy within it, I assume that would be the angle against it that Krugman would take.As for alternate theories of finance, I find the free banking idea espoused by Kevin Dowd and others a lot more realistic, if rather less ambitious.
ABOUT WILMOTT

PW by JB

Wilmott.com has been "Serving the Quantitative Finance Community" since 2001. Continued...


JOBS BOARD

JOBS BOARD

Looking for a quant job, risk, algo trading,...? Browse jobs here...


GZIP: On