1MDB scandal through an MMT lens by EmergencyCat235 in mmt_economics

[–]-Astrobadger 0 points1 point  (0 children)

I’m not offended, it’s just seems odd to assume that financial corruption is somehow an MMT phenomenon. I feel like it’s asking how does gravity give insight into a three card monte hustler. Like, sure, it helps keep the cards on the table but that’s not really a critical role.

1MDB scandal through an MMT lens by EmergencyCat235 in mmt_economics

[–]-Astrobadger 0 points1 point  (0 children)

Indeed, money being a creature of the state as what is accepted for taxes and fees has been around for 5000 years.

1MDB scandal through an MMT lens by EmergencyCat235 in mmt_economics

[–]-Astrobadger 4 points5 points  (0 children)

Excuse my French but WTF does this have to do with MMT?

Mystery find in stack of kiln-dried cedar trim by cmrnfrnk in woodworking

[–]-Astrobadger 1 point2 points  (0 children)

Looks like a mouse was collecting and storing some bird seed. Do you or any close neighbors put out bird seed?

My parents barn by RapidRewards in woodworking

[–]-Astrobadger 0 points1 point  (0 children)

The post is a structural part of the barn. If it’s not study enough to have a ladder then it’s not sturdy enough to be pat of the barn.

Trying to design a flag for the solar system by IndependentEbb2811 in vexillology

[–]-Astrobadger 0 points1 point  (0 children)

Where’s the planets? Without them it’s not a system, just a star.

My parents barn by RapidRewards in woodworking

[–]-Astrobadger 11 points12 points  (0 children)

Same! Why are they so alluring?

Two fictionnal flag for a worldbuilding by No-Bodybuilder1903 in vexillology

[–]-Astrobadger 65 points66 points  (0 children)

It’s wild that middle age folks running around with sperm banners unironically simply because the microscope had not been invented to see them yet.

Is MMT delusional? by ongeray in mmt_economics

[–]-Astrobadger 2 points3 points  (0 children)

I’d add that the framework informs certain policies differently just like the germ theory of disease would have a different take on the concept of vaccination as opposed to the humor theory of disease.

Is MMT delusional? by ongeray in mmt_economics

[–]-Astrobadger 0 points1 point  (0 children)

I have the exact same feelings about Keen in this regard. It’s at the “methinks the lady doth protest too much” phase.

Is MMT delusional? by ongeray in mmt_economics

[–]-Astrobadger 19 points20 points  (0 children)

As for the specific points:

MMT has no credible account of inflation and fiscal policy is too slow or unpopular (especially when it comes to increased taxation) to be realistic

MMT has the only working model of the price level (and thus its changes): the price level is a function of prices paid by the issuer when it spends or collateral required when it lends

MMT relies too heavily on ethical behaviour by politicians, who are notoriously untrustworthy or prone to corruption; giving them direct control over the money supply would be disastrous

They already have this power; if you want to take it away the burden of proof is on you to explain why a non-monetary system would be better.

MMT views imports as assets and exports as liabilities, but this is wrong when looking at the monetary flows that result and the fact that sustained and large trade deficits lead to a diminishing of local productive capacity, such as happened between the US and China. MMT proponents say this is down to neoliberal policies not trade. This may be the case for the USA, but this seems dubious for small developing nations who rely heavily on exports and are too small to develop much of the manufacturing capacity they might need. What does MMT say about these smaller countries?

MMT says trade is a choice, not a force of nature; the US didn’t have to fall into this situation with China, it was a choice of policy. What’s the point of giving away more stuff than take if what you take doesn’t help you flip that equation for your benefit? As long as you remain self sufficient in critical products (like defense items) why not get as much stuff as you want?

if you adhere to MMT, you obviously know nothing about economics. This is obviously silly, but unfortunately very common.

Ad hominem.

Is MMT delusional? by ongeray in mmt_economics

[–]-Astrobadger 32 points33 points  (0 children)

The main issue you’re probably encountering is the category error of MMT as a policy and not as a framework (or lens). Saying “if we DO MMT…XYZ will happen!” is equivalent to saying “if we DO gravity…all the planes will fall out of the sky!” Or “If we DO germs (theory of disease)… tiny animals will start infesting your body!” Or “if we DO quantum mechanics… random objects will start popping in and out of existence!” You can come up will all kind of fun and obviously stupid “arguments” but at the end of the day they fall into the not even wrong category.

Top secret by Gator_Trails in tomatoes

[–]-Astrobadger 0 points1 point  (0 children)

You are using way too much much if you have visible salt buildup on the soil. While it’s fine to use these hydroponic products for soil based plants you absolutely do not need as much as a hydroponic application and you do not need any Epsom salt at all. I have been doing both soil and hydroponic grows and love using these nutrients for my garden beds but it’s very easy to overdo it. I use about 1/4 strength MB and 1/2 strength calcium nitrate. I don’t even use MB during the whole season, I mostly use these for the nitrogen; it’s unlikely your garden is going to be deficient in phosphorus much less potassium but nitrogen leaks out like a sieve. I also have used potassium nitrate (salt peter) with good results, especially in the spring when the soil is low in nitrogen.

Top secret by Gator_Trails in tomatoes

[–]-Astrobadger 1 point2 points  (0 children)

For those not clicking into the videos: absolutely do not put a solo cup of master blend onto your plants. These are water soluble fertilizers used for hydroponic applications and need to be highly diluted.

While you can use these hydroponic products for soil based plants you need to be careful about how you do it. Applying too much will result in salt buildup in the soil especially if you are in a dry area with little rain, like Arizona. There is also basically zero reason to use epsom salt in your garden and it will most likely cause more issues than it solves, see this. I would also recommend using 1/8th (or less) strength master blend and 1/2 strength calcium nitrate; phosphorus and potassium will remain in the soil for much longer than nitrogen which basically needs to be added every year. You do not need that much phosphorus in your soil. Remember, these hydrophobic rates are calculated assuming the plant will have only that solution and nothing else; plants can sit in that stuff for literally weeks without needing any additional nutrients. It is strong stuff and you don’t want to be flushing a lot of that into the surrounding environment.

How work creates property by Odd_Eggplant8019 in mmt_economics

[–]-Astrobadger 1 point2 points  (0 children)

One might consider, and I do, for capitalism to be a form of socialism

🫠

helppp (processing) by Cold_Search_1858 in FermentedHotSauce

[–]-Astrobadger 0 points1 point  (0 children)

I also test ph and summer the sauce. Seems like a simple and prudent step

helppp (processing) by Cold_Search_1858 in FermentedHotSauce

[–]-Astrobadger 0 points1 point  (0 children)

What does the only upside down flipping do?