thanks Tadit, I have been reading your MMT material ...<br><br>I now have a four-day conference ... will re-engage after that ..<br><br>Michel<br><br><div class="gmail_quote">On Tue, Sep 27, 2011 at 4:05 AM, <span dir="ltr"><<a href="mailto:ideasinc@ee.net">ideasinc@ee.net</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;"> From Stephanie Kelton at the UMKC economics department<br>
<br>
<br>
Date: Mon, 26 Sep 2011 16:15:13 -0400<br>
<br>
Have these folks look at our Twitter following. Journalists, progressive<br>
groups, reporters (Reuters and such, not crackpots), MPs (two of them,<br>
actually, one a Labor MP from Wales and one from Netherlands (socialist<br>
party). Randy and I are now recognized as "contributors" at Truthdig.<br>
Anything we write for them (as our New New Deal piece of 2 weeks ago) will<br>
be picked up by scores of other progressive sites (Counterpunch ran our<br>
latest after it appeared in Truthdig), as well as less progressive places<br>
like Global Economic Intersection (which also ran it). Roughly half of<br>
MMT blogs are run by traders -- not economists (Pragmatic Capitalism,<br>
Center of the Universe, Naked Capitalism, CreditWritedowns (and Ed Harris<br>
was an Austrian before he discovered, and then wrestled with, MMT). We<br>
are becoming the mainstream in economics, and history will not be kind to<br>
the holdouts. We have been right about every major economic event (both<br>
forecasting it and then explaining why the policy response would fail to<br>
bring about the desired results). Krugman didn't say that QE wouldn't<br>
work. We did. Dean Baker is moving toward OUR position. His latest<br>
piece on SocSec is a clear indication. In it, he says that there is no<br>
reason that SocSec can't be funded out of general revenue FOREVER. That<br>
IS MMT. Affordability is not the issue. Why do you think he said that?<br>
We know Dean. We like him as a person. But he is NOT a macro economist,<br>
and he does not understand the monetary system/government finance. Same<br>
goes for Krugman. Not a macro person. Ellen Brown has gotten much<br>
better. Why? Because behind the scenes, she is sending e-mails like<br>
crazy, seeking input from Randy, Marshall and other MMTers!!! It's nuts.<br>
They love these guys, and they are getting their material from us.<br>
<br>
snip<br>
<br>
Stephanie<br>
<br>
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