From Stephanie Kelton at the UMKC economics department Date: Mon, 26 Sep 2011 16:15:13 -0400 Have these folks look at our Twitter following. Journalists, progressive groups, reporters (Reuters and such, not crackpots), MPs (two of them, actually, one a Labor MP from Wales and one from Netherlands (socialist party). Randy and I are now recognized as "contributors" at Truthdig. Anything we write for them (as our New New Deal piece of 2 weeks ago) will be picked up by scores of other progressive sites (Counterpunch ran our latest after it appeared in Truthdig), as well as less progressive places like Global Economic Intersection (which also ran it). Roughly half of MMT blogs are run by traders -- not economists (Pragmatic Capitalism, Center of the Universe, Naked Capitalism, CreditWritedowns (and Ed Harris was an Austrian before he discovered, and then wrestled with, MMT). We are becoming the mainstream in economics, and history will not be kind to the holdouts. We have been right about every major economic event (both forecasting it and then explaining why the policy response would fail to bring about the desired results). Krugman didn't say that QE wouldn't work. We did. Dean Baker is moving toward OUR position. His latest piece on SocSec is a clear indication. In it, he says that there is no reason that SocSec can't be funded out of general revenue FOREVER. That IS MMT. Affordability is not the issue. Why do you think he said that? We know Dean. We like him as a person. But he is NOT a macro economist, and he does not understand the monetary system/government finance. Same goes for Krugman. Not a macro person. Ellen Brown has gotten much better. Why? Because behind the scenes, she is sending e-mails like crazy, seeking input from Randy, Marshall and other MMTers!!! It's nuts. They love these guys, and they are getting their material from us. snip Stephanie