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The deficit fear mongers were out in full force last week. The Obama Administration’s 2012 Budget is no where near progressive, and yet the CONservatives and NeoLiberals were out trying to scare the hell out of everyone about the Natl ‘Debt’.
The fact is that deficit fear mongering works because almost no one has a clear understanding of the issue. The ‘experts’ we see on television usually serve only to make matters worse.
Please sign this petition asking Cenk Uygr of the Young Turks to please invite Professor Bill Mitchell to be a guest on his program. Professor Bill Mitchell’s website is a real wealth of information about fiat economies and issues like a nation’s debt, etc. For anyone wanting to get answers about deficit spending please read this post by Bill Mitchell: Deficit Spending 101
Thanks for your time and attention.
3 Comments
Senator Government, glad to see you’re getting into MMT. You know a lot of MMT blogging has been done at MyFDL, by me, selise, Randy Wray, Warren Mosler, and Stephanie Kelton. You may want to Google it. There must be more than 100 posts by now.
And yes, I fully endorse your site reference of BillyBlog. Professor Bill Mitchell is one of MMT’s big three, along with Randy Wray and Warren Mosler.
Oh, btw, tispasdt weekend was a big one for MMT. A post appeared at the WaPo by Dylan Matthews (at Ezra Klein’s) quickly followed by posts from Jared Bernstein, Dean Baker, and Kevin Drum at Mother Jones. Pretty favorable to MMT on the whole. But, all misunderstand the new paradigm at some point. Today, Matty Yglesias posted another at Slate: http://www.slate.com/blogs/moneybox/2012/02/20/inflation_denialism.html in which he does some concern trolling about inflation in the MMT context, and does it not very competently in my view. But that’s another story. The point here is that the WaPo story seems to have triggered a mainstream reaction bringing MMT to the fore. Links to the various stories that have appeared may be found here: http://www.neweconomicperspectives.org/2012/02/mmt-had-banner-day.html and here: http://mikenormaneconomics.blogspot.com/
Thanks for stopping by and thanks for the info!
MMT is making great strides, and getting more exposure.
I am glad when anyone from the MMT world gets onto media outlets.
Bill Mitchell is my favorite, he is relentless! I’d love to see him in more media appearances.