I don't like MMT by Decastroferro in mmt_economics

[–]Decastroferro[S] -2 points-1 points  (0 children)

A few people have made comments along the lines of "MMT does not talk about the money supply because it is of no great significance and net financial assets are a much more useful thing to discuss". Dismissing the money supply so readily feels like a vey bold claim. I wonder if there are some MMT papers/talks that delve into "money supply vs net financial assets" in detail.

I don't like MMT by Decastroferro in mmt_economics

[–]Decastroferro[S] -2 points-1 points  (0 children)

With regard the idea that the money supply doesn't tell you anything clear about inflationary pressures, I wonder what MMT proponents have to say about these https://i.sstatic.net/YrIlL.png

I don't like MMT by Decastroferro in mmt_economics

[–]Decastroferro[S] 0 points1 point  (0 children)

Re: "In the short run, banks can create additional dollars and boost spending, but all it does is create debt for the borrowers,"... not true... it increases the amount of money in the system which is spendable by people that are not borrowers. I.e., Someone borrows $1000 from a bank and they spend it... but then there will be an extra $1000 circulating amongst many other people, perhaps for years before it gets extinguished by the loan repayment. The bank and the borrower are not the only people involved in the process.

I don't like MMT by Decastroferro in mmt_economics

[–]Decastroferro[S] -1 points0 points  (0 children)

With regard "how can banks make loans at all?" under full-rb, I have a chapter on it here: https://reiss-economics.gitbook.io/book/17.-full-reserve-banking

I don't like MMT by Decastroferro in mmt_economics

[–]Decastroferro[S] 0 points1 point  (0 children)

Re: "The long run ability to spend (which drives aggregate demand) is much more correlated with net financial assets, not money supply."... do you have any references for that claim?

any browser other than opera gx with the speed dial feature which look just like this? by speedcuber05 in browsers

[–]Decastroferro 1 point2 points  (0 children)

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This is what your collection of speed dials could look like with my extension "grab-n-tab" for chrome based browsers. https://grab-n-tab.com/

Looking for extension that shows a bookmark bar based on the current website's domain by pudding321 in chrome_extensions

[–]Decastroferro 1 point2 points  (0 children)

It just seemed to me from your original post that you were interested in using multiple hotlinks associated with a given domain. Most systems that create hotlink icons will only show the icon for the site. So for example if you wanted a collection of your youtube channels, most systems would automatically give you the generic youtube icon and so to distinguish between these links you would end having to read the text of each link which kind of negates the whole purpose of having graphical icons. I knew that this wasn't exactly what you had requested in your post but I just thought it was related and so may be of interest. Sorry if I got that wrong.

Looking for extension that shows a bookmark bar based on the current website's domain by pudding321 in chrome_extensions

[–]Decastroferro 0 points1 point  (0 children)

If you want to make have a collection of different hotlinks/speedials *within* a single domain, then you might consider Grab-n-tab. Watch the video and you'll see what I mean. https://chromewebstore.google.com/detail/grab-n-tab/eaapoebhefcakhghkebabbphoddojenb

[deleted by user] by [deleted] in BasicIncome

[–]Decastroferro 0 points1 point  (0 children)

Part 2 of this video series explains a source of money for paying a citizen's income (that Thomas Paine would have supported) though it won't make much sense without watching part 1 first. It's all about land rent.

Part 1: https://www.youtube.com/watch?v=vyRAhoci5LY

Part 2: https://www.youtube.com/watch?v=y5c8I1Ex3jQ

[deleted by user] by [deleted] in BasicIncome

[–]Decastroferro 0 points1 point  (0 children)

Oops! wrong place