Blog-Reference and Blog-Reference on Sep 26
It cannot be otherwise, bad people always and everywhere claim to promote the good cause. This is rather old stuff: “Everyone sees what you seem to be, few know what you really are; and those few do not dare take a stand against the general opinion.” (Machiavelli) This is why corruption comes in the cloak of philanthropy and ruin comes in the cloak of salvation. As a rule of thumb, public opinion is upside down: “Fair is foul, foul is fair.” (Shakespeare)
A new version of political deception is MMT’s promotion of environmental protection. The communicative fact of the matter is that nobody can argue against environmental protection just as nobody can argue against peace, freedom, wealth, love, solidarity, motherhood, equity, and the welfare of humankind.
The economic fact of the matter is that MMT is a program for the permanent enrichment of the Oligarchy. This is impossible to sell to the general public, therefore, MMT has to be repackaged as a program for the benefit of WeThePeople. Luckily, this is not very hard: “The vulgar crowd always is taken by appearances, and the world consists chiefly of the vulgar.” (Machiavelli)
Accordingly, Nathan Tankus/Andrés Bernal/Raúl Carrillo argue: “The Green New Deal is a vital way to address the social threat of climate change. Some GND advocates want to make the idea more palatable by relying on indirect financing like public-private partnerships or loans to private companies. While the ideas are designed to make the Green New Deal more politically palatable, indirect financing will also blunt the changes made by the GND. … Accordingly, people who truly want to see a GND in our time should fully embrace the power of the public purse.”
Economically, the “power of the public purse” works via the macroeconomic Profit Law which says Q≡Yd+(I−S)+(G−T)+(X−M) with Q as macroeconomic profit. The Law boils down to Public Deficit (G−T>0) = Private Profit Q which means that the Oligarchy’s financial wealth and public debt grow in lockstep. It is the very characteristic of the free-market economy that it is already for a long time on the life support of the state. Profit is produced mainly by the government through deficit-spending/money-creation. The Oligarchy, in turn, uses the opulent free lunches to corrupt what remains of the state’s legislative, executive, judiciary institutions, including academia.
As a matter of principle, any GND measure can be realized with a balanced budget. NO MMTer will ever propose that. The message of the MMT do-gooders is deficit-spending/ money-creation.
MMT is not only bad science and bad policy but MMTers are also bad people. How can we know this? Quite easy, Nathan Tankus/Andrés Bernal/Raúl Carrillo is an #EconBlocker.#1 Genuine scientist do NOT block their critics but try to refute them, yet for stupid/corrupt agenda pushers blocking/suppression is second nature.
Egmont Kakarot-Handtke
* Business Insider
#1 Economists/MMTers: agenda pushers, distractors, blockers, muters, censors
Related 'Fraud comes always in the cloak of philanthropy, salvation, or threat of doom' and 'Is MMT good for WeThePeople or for the Oligarchy?' and 'Links on MMTers push Wall Street’s agenda' and 'No MMT illusions! YOU are going to pay for it' and 'How counterfeiters save America with an extra profit and make WeThePeople pay for it' and 'The half-truths and half-falsehoods of MMT' and 'MMTers are NOT Friends-of-the-People' and 'MMT: The fusion of Wall Street and Academia' and 'MMT and the Green New Deal: Where is the snag? (I)' and 'MMT and the Green New Deal: Where is the snag? (II)' and 'How MMT enlightens Washington' and 'Very busy these days: Wall Street’s agents' and 'How to spot economics trolls'.
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Cast of #EconBlockers
Andrés Bernal is a lecturer at CUNY Queens College Department of Urban Studies and an advisor to Rep. Alexandria Ocasio Cortez.
Nathan Tankus is a research fellow at the Clarke Business Law Institute's Program on the Law and Regulation of Financial Institutions and Markets at Cornell Law School and is the research director at the Modern Money Network.”
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REPLY to Andrew Anderson on Sep 26With regard to the realization of environmental protection, you ask: “With or without increases in the money supply? If ‘with’ how do you propose to increase the money supply in an ethical manner?”
This is a secondary question. If you want to reduce CO2, for example, the first logical question to ask is who is the biggest polluter? The simple answer is the military. So, real Progressives would radically reduce the military and redirect its humongous budget to environmental-friendly measures. This budgetary/monetary neutrality, of course, is anathema for the deficit-spending/money-creating false Progressives of MMT.
MMT/GND deficit-spending/money-creation as environmental policy is fully in line with the ethics of the Pentagon and Wall Street. It is NOT for the benefit of WeThePeople.
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Mike Norman Economics Nov 14
Twitter May 16, 2021 A question of allocation
Twitter Aug 12, 2021 Climate and deficit
New Daily, Alan Kohler: The money for dealing with climate change will have to be printed
