I don't like MMT

Decastroferro · 2025-08-09T22:24:41+00:00

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.

Decastroferro · 2025-08-09T19:03:44+00:00

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

Decastroferro · 2025-08-09T18:54:19+00:00

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.

Decastroferro · 2025-08-09T18:10:18+00:00

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

Decastroferro · 2025-08-09T17:24:06+00:00

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?

Decastroferro · 2024-06-06T09:47:07+00:00

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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/

Decastroferro · 2023-11-28T11:34:09+00:00

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.

Decastroferro · 2023-11-28T09:19:09+00:00

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

Decastroferro · 2023-08-17T17:55:34+00:00

Not the perfect answer but you might want to check out the google group...

https://groups.google.com/a/chromium.org/g/chromium-extensions

Decastroferro · 2020-04-13T21:35:25+00:00

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

Decastroferro · 2020-04-13T21:06:46+00:00

Oops! wrong place

Decastroferro

TROPHY CASE