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What sums would those be then? The IFS is a neo-liberal think tank

Great but the GIMMS paper showed they’d done the detailed work. Stephanie Kelton et al have done similar work in the USA

Sorry it’s a description of the system now not what you want it to be

At the risk of persisting with this severely off topic discussion - not just me then. Have you read the excellent Accouning Model of the Uk Treasury published by GIMMS? I found it a bit hard going as the details are in accountancy terminology but the summary is excellent?

Of course don’t agree that it’s completely off topic as an MMT understanding informs the discussion on what the alternatives are to the clusterfuck but I will read this with interest

Apologies. Look, I know its getting boring and too technical for some, but I was asked a specific question then critisised for not answering it., I wont say any more directly about MMT. MMTs ideas are relevant to critisms of Truss and the other parties oppostion (or lack of) to them. I will try...

If MMT proposed many of the things that you says it does then yes I would agree, it would be bollocks. But it doesnt. MMT describes how our system actually works now all the time. New money is being created all the time. Apart from the job guarantee, its not a set of policy proposals. Its...

I`ll keep it brief - MMT has not been discredited - please give evidence of this. MMT is a school of economic thought. All of economics is a pseudoscience in that sense as economic is a social science unlike chemistry or physics. MMT does not propose the unlimited printing of addtional money...

Patience! I’ve been busy. No need to head for the hills. I live in them

I’ok try not to be insulting but the previous poster was testing my limits. At last a good question which I will have to consider before I reply in full.

I don’t see the relevance of 1 & 2 to the debate. I can tell from your question 3 as I suspected that you don’t have the foggiest idea what MMT is. As I have repeated seemingly ad nauseam on this thread it’s not something you “do”it describes something that “is”, a description of the...

Instead of actually addressing the argument you seem to persist in making slightly patronising ad hominem quips such as "boyish enthuasiasm" etc. instead of actually debating in a reasoned way. Many so-called mainstream economists oppose the MMT lens I suspect because they feel threatened by...

Because I assign importance to it - its subjective. I value the skill of Mitoma but not that of Graeme Smith. It has nothing to do with money if thats what your getting at. Explain to me why you consider MMT to be false?

It isnt fringe. Your avoiding my question because you cant answer it I suspect. Again, could you give me a specific example of something relating to economics that I have said which is incorrect in your view with an example of your reasoning?

no after you

I gathered that, and and I subscribe to his insights. So it seemed reasonable to assume that the same would apply to him. I assume, also, from your comments you know more about econmomics than I do in the "real world" Could you give me a specific example of something relating to economica...

This comment just made me laugh out loud. You dont know how wrong you are. I`m nothing like you imagine. As I have pointed out earlier in this thread many of the developers of MMT are completely grounded in the finance industry and banking they are not all ivory tower academics. They know...

Bozza just reinstated me so now I can reply after having set up an alternative Truss thread. Firstly, I dont insist on long interchanges about MMT. As I have pointed out many times MMT is entirely relevant to this thread as it exposes in many different ways how utterly cr*p the governments...

Do you know anything about the subject?

The right wing individualist argument to this is that an individual’s money is theirs and the less well off will either have to work harder or rely on charity. The state has no right to an individuals hard earned income and tax is a sort of theft in their view.