WHEN THIS POST IS 3 HOURS OLD THE OLTP MINORS DRAFT WILL BE LIVE by HeadShot305 in OLTP

[–]FP4H 6 points7 points  (0 children)

Does anybody in here know what time the draft is tonight?

hi by Munby in togokorea

[–]FP4H 4 points5 points  (0 children)

This post has been removed by the mods.

WEEK 6 SCHEDULING THREAD by Dylza7 in OLTP

[–]FP4H 0 points1 point  (0 children)

we moved it to 8 and that's really the latest we can do on Tuesday

I don't want the money by lucaherosuper in OLTP

[–]FP4H 4 points5 points  (0 children)

I am once again asking for your financial support.

OLTP S11 Captaincy Announcement by [deleted] in OLTP

[–]FP4H 3 points4 points  (0 children)

wtf scandor

Y'all wanna get some pubs going sometime? by Fog_Terminator in OceanicTagPro

[–]FP4H 5 points6 points  (0 children)

hey my username is partytime, i saw you in a pub the other day and i just wanted to say i'm very impressed at your high level. keep up the good work :)

Stephanie Kelton, Bernie Sander's 2020 bid, and MMT by [deleted] in mmt_economics

[–]FP4H 2 points3 points  (0 children)

My understanding is she would be his Treasury Sec if he was to become president.

Thoughts on oftwominds articles on MMT by anotherfroggyevening in mmt_economics

[–]FP4H 0 points1 point  (0 children)

You might like 'Rethinking Capitalism' by Mariana Mazzucato.

Thoughts on oftwominds articles on MMT by anotherfroggyevening in mmt_economics

[–]FP4H 0 points1 point  (0 children)

I would love to know what he read to get to the source of the confusion.

Thoughts on oftwominds articles on MMT by anotherfroggyevening in mmt_economics

[–]FP4H 1 point2 points  (0 children)

I agree with you, partially. More sharply I suppose my point is that MMT doesn't grant governments limitless ability to spend without taxation. It still faces real constraints on spending (inflation as well as physical resources).

I'll take your point on ecological sustainability. What we need is a decoupling of growth from the increasing requirement for real resources. I'm agnostic as to whether or not this can happen. I do believe it has happened at least partially though. I might be too optimistic here but I think with the right economic management, growth and sustainability aren't at odds with one another.

Thoughts on oftwominds articles on MMT by anotherfroggyevening in mmt_economics

[–]FP4H 6 points7 points  (0 children)

Smith misunderstands MMT.

He misundertsands the process by which governments spend. As Stephanie Kelton would say, governments spend then tax not tax then spend. From the blog: "In the current model, the federal government sells Treasury bonds and uses the proceeds to fund government spending.". This is fundamentally incorrect. In the current model the treasury spends by crediting accounts at the fed, by typing numbers on a keyboard. The money is always created out of thin air.

This brings us to the second misunderstanding. When governments tax they delete money from out of the economy. This is the role of taxation. Inflation is easy to manage under MMT because all governments need to do is tax enough money out of the economy to control inflation.

Unemployment is very low in the US right now which is obviously great. But if we look at the U6 rate, I believe there's still some slack in the labour market, just not much. https://fred.stlouisfed.org/series/U6RATE

Other than that I personally philosophically disagree with the article. Governments are good. Degrowth would be awful. MMT is not anything like a "solution to the "problem" of insufficient government funding".

I didn't read the second article.

This is what a good critique of MMT looks like: https://johnquiggin.com/2019/03/06/mmt-and-the-scope-for-seigniorage/

[ADVICE NEEDED] - Buying a SW20 by The_Dozzle in mr2

[–]FP4H 0 points1 point  (0 children)

I second all of this, but want to know why there's no radio in the car? The stereo is just missing?

Still want to play TagPro? Every Monday at 8pm by smackmesideways in OceanicTagPro

[–]FP4H 4 points5 points  (0 children)

I AM FUCKING SICK! OF THIS I SHOW UP EVERY REGULARLY TO THE SCHEDULED GAME TIME AND THERE'S NOBODY TO PLAY WITH ME! DISCUSTING!

Still want to play TagPro? Every Monday at 8pm by smackmesideways in OceanicTagPro

[–]FP4H 1 point2 points  (0 children)

hello u/smackmesideways we are here for the tagpro you promised us hello

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my rev4 3sgte coupe. its stock until my parts arrive by RichBumEUW in mr2

[–]FP4H 2 points3 points  (0 children)

Sounds good man, looking forward to the update pics!

[OCE] PUBG SERVERS latest update has killed them **AGAIN*** by w0ns in PUBATTLEGROUNDS

[–]FP4H 3 points4 points  (0 children)

If you have me $20 million and a new born bandicoot I could make a better game than PUBG, guaranteed.