We must decide not to be too busy or stupid to understand some macroeconomics
Emailed this to Dave and Mark the day after the election:
As for yesterday's election, it went even worse than I'd feared (though so far it looks as if the Dems held onto the governor's office in Colorado, though just barely). My only thought, which is not necessarily correct as far as winning elections goes, but ( Read more... )
As for yesterday's election, it went even worse than I'd feared (though so far it looks as if the Dems held onto the governor's office in Colorado, though just barely). My only thought, which is not necessarily correct as far as winning elections goes, but ( Read more... )
Since posting last night, I find this terrific talk Kelton gave at an Italian seminar on MMT. (I think she is speaking in such a way as to make it easier for the live translator barely audible in the background.) In particular, this section on sectoral balances is thrilling. It ends with an anlysis of the impossibility or near-impossibility of EU states that don't issue their own currency, to meet the neo-liberal demands they've agreed to, without destroying their private sectors. She jokes about the graphs (economists have to use graphs!) but they actually are quite effective:
https://www.youtube.com/watch?v=Yd6rGbO-ruU&feature=youtu.be&t=46m45s
FWIW, I'd probably recommend this over the videos I linked to above, because it is more focused.
(Not sure if html tags work here or I would linkify.)
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Summit MMT
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