Tuesday , October 22 2019
Home / Mike Norman Economics / Money From Nothing: Democrats’ Socialism for Free — Richard Porter,

Money From Nothing: Democrats’ Socialism for Free — Richard Porter,

Summary:
This is interesting from the point of view of evolution of MMT criticism.It's not the same old "printing money" argument but a refurbished one that at least attempts to get what MMT says, even though it fails. I think that it is more likely ill-informed rather than intentional caricature.But it does indicate that the opposition is realizing that it has to deal with MMT in a way that appears serious rather than back of the hand, just dismissing as "obvious" nonsense.So I would count this as a sign of progress.RealClearPoliticsMoney From Nothing: Democrats' Socialism for Free Richard Porter, Illinois’ national committeeman to the RNC

Topics:
Mike Norman considers the following as important: , ,

This could be interesting, too:

J.D. Alt writes The People’s Money (Part 2)

Mike Norman writes National Debt No Big Deal? More Economists Unconcerned With Trillion-Dollar Government Deficits — Jonathan Wolf

Mike Norman writes Randy Wray — MMT: REPORT FROM THE FRONT (PART 3)

Mike Norman writes Some constructive remarks on Wray’s “Alternative paths to MMT” — Arturo Hermann


This is interesting from the point of view of evolution of MMT criticism.

It's not the same old "printing money" argument but a refurbished one that at least attempts to get what MMT says, even though it fails. I think that it is more likely ill-informed rather than intentional caricature.

But it does indicate that the opposition is realizing that it has to deal with MMT in a way that appears serious rather than back of the hand, just dismissing as "obvious" nonsense.

So I would count this as a sign of progress.

RealClearPolitics
Money From Nothing: Democrats' Socialism for Free

Richard Porter, Illinois’ national committeeman to the RNC
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *