Concede Nothing! You got this Stephanie! I’m doing what I can (not much) to push the Blue Revolution that Malcolm Nance espoused. MMT provides the lens for Americans to understand the power of fiat currency and reveal how they can truly be empowered. Best of luck and destroy him!!
P.S. I’ll have to watch the replay as I’ve got tickets to see The Fixx tonight!!
Green New Deal, health care for all, job transition program with living wage and benefits, tax overhaul to eliminate the wage gulf, federalize pay for teachers and school facilities, free higher education benefits for any American, paid trade school program…for starters. The defense budget will be capability outcome driven not budget limited…the list can be long and bold! Thank you for asking!
BTW, I support them all because we can resource all of them. Again, these are starter programs. Eliminating poverty of all forms will underpin these policies.
If you read stephanie Kelton's book you would know that MMT could be used as a framework for funding a gigantic military and tax cuts for millionaires. I don't think you know anything at all. This is very typical of the left. It is absolutely amazing.
It’s a choice Ted. I’m not sure what you’re asking and that’s frustrating. I’m totally up for criticism in any view I take however it would be helpful if you make clear wtf you want. I’m a military veteran retiree who benefits very well from fiat currency and I would like all Americans to reap similar benefits. If that makes me “left” so be it. Perhaps we don’t agree and I’m cool with it. Enjoy your day dude.
It's an interesting topic to debate because if the Republicans really think that paying down the debt is important, than they need to get new leaders. Because Trump and the Republicans in Congress are intent on increasing the debt with their latest spending bills and their actions. Firing IRS agents will increase the debt. Tax cuts will increase the debt. And hindering trade with other countries will increase the debt. It seems to me that both of you should be taking different sides. You should be arguing for decreasing the debt and Stephen Moore should explain to us why Republicans are ok with increasing the debt!
Stephen Moore is a true conservative who is for reducing or eliminating the debt and deficit regardless of what Trump wants to do or the compromises that politicians are forced into.
Actually there is no mania for balancing the budget. That is why it has been unbalanced for 25 years. Notice the way someone suggested it was an issue and you believed it without thinking for yourself.
Once again, if there was anything in that book that made sense why are you so afraid to tell us what is is??
Such an obvious lie on your part that ignores the long history going back to Andrew Jackson regarding debt and deficits.
I am glad you will soon be drooling in some assisted living facilities, assuming you have money, where you will be unable to continue misinforming people.
Obviously Republicans are ok with raising debt in part because 1) they are not real Republicans in the spirit of Jefferson and Madison who founded the Party in 1793 and in part because 2) Democrats have the nation addicted to crippling social programs and 3) in part because they are savvy politicians who want to get reelected in a country moving left.
if the conservative libertarian philosophy is dumb or if I am dumb why are you so afraid to give us your best example of this. What are you learning from your fear?
I will. His idiotic notion to reduce or eliminate the deficit and the debt thereafter will lead to another great depression where you can stand in a soup kitchen line with all the other idiots who think writing a book shows you understand economics.
except he is intelligent enough not to believe MMT makes any sense. If you think it makes sense tell us the reason or admit you are just a groupie lefty.
Yes read it. It is considered stupid by most main stream economists. If something in it made sense why be so afraid to tell us what is was and the reason you think it mades sense?
Larry Summers spoke for this contingent when on Twitter he likened MMT’s ideas to “fad diets, quack cancer cures or creationist theories” and chastised the Times for “publicizing” them.
Sure - By the 1970s, neoliberal thought—including Friedman's—focused almost exclusively on market liberalization and was adamant in its opposition to nearly all forms of state interference in the economy. He was apparently to simple to understand Fiscal Policy. Also, A big problem with Friedman's theory is that corporations can—and, according to his theory, should—use their influence in Congress to block laws that stop corporations from causing harms. Nor was Friedman correct that business executives are the employees of the shareholders.
In defense of Friedman's conservative laboratory philosophy you would say that he believed in freedom because government interference with freedom has been the source of evil in human history.
I don't think Friedman ever said corporation should manipulate Congress so they can harm the country or their customers or anybody. If this is true show us the quote or admit you made up something.
"...in effect..." - You are cute. Court decisions, before & after, Milt's theories clarified and pushed more towards this neo-liberal view. An employee is simply modelled on the "master-slave" relationship, which is different from "Agency" or "Contractor", theoretically & in Law in its evolution, relationships in almost all jurisdictions.
In a capitalist system, employees engage in a contractual relationship with employers, exchanging labor for wages. While power imbalances exist, this differs fundamentally from a master-slave relationship which involves ownership, lack of consent, and denial of basic rights.
Capitalist economies, particularly in developed nations like America, offer significant economic opportunity compared to global standards. Entry-level workers can earn around $20/hour with substantial healthcare benefits (approximately $20,000 annually) without prior experience, English proficiency, or formal education. This stands in stark contrast to nearly half the world's population living on less than $5.50 daily.
Though employment relationships involve inherent power dynamics, they include legal protections, worker rights, mutual agreement, and importantly, the potential for economic mobility unavailable in much of the world.
You say Milton Friedman despite his Nobel Prize he was too simply to understand fiscal policy but you clean forgot to give us the reason you think that?
If Friedman said corps should do harm or use their influence in Congress to block laws that stop them from doing harm I will pay you$10,000. Bet? Or admit to being little more than a liar!
if you disagree with something that was said why are you so afraid to show us what it is and the reason that you disagree. What are you learning from your fear?
ps :name calling is not a good look on sub stack and is testimony to your low intelligence that you find and meaningful.
Why is it ridiculous to ask you the reason you disagree with Friedman. Do you understand that a reason is necessary and that you need to be able to present the reason here in writing?
Friedman opposed deficits because he wanted it to be as hard as possible for sleazy politicians to waste our money.
Kelton loves deficits because she is a socialist who wants to make it as easy as possible for sleazy politicians to waste money and scarce resources on more and more crippling social programs.
If you think the conservative libertarian position is blind why are you so afraid to give us the reason you think that. Do you even understand that a reason is necessary??
if you think there is no reason in the conservative libertarian philosophy why don't you try to put into words why you think that? How will you learn if you are afraid to try?
Great job on the debate Stephanie! While Moore seemed to be focused on politicizing the debate, you focused on illustrating how the economy works. Loved it when you had to call him out on the timeline for Covid relief funds. He forced you to go there and then literally ate his own words.
Possibly. We never worry about defense or black budget intelligence spending but GOP has us freak out if safety net Social Security and Medicare (for all ?) increases or Universal Basic Incomes added to SS. Modern Monetary Theory and history shows that deficits don’t really matter. Read Stephanie Kelton’s book The Deficit Myth. Nixon discovered “we’re all Keynesians now.” GOP should have a similar epiphany. If not a future Democrat in the Oval Office can #MintTheCoin if all else fails. Too much reliance by the GOP’s Two Santas Strategy (Jude Wanniski). It gets old.
You should read stephanie Kelton's book. It says deficits do matter because when they get bigger than economic growth of the economy they cause inflation. In no way does the book say that universal basic income and healthcare and all the rest of your silly crippling programs can be easily financed because of what we learned from MMT.
Oh please, deficit boogeymaning. Your Jude Wanniski act of the Two Santas Strategy is the open secret. Too bad simply #MintTheCoin takes care of your endless “debate me” demands. QED you’re a troll. Get back under the bridge.
If you have resolved the debate about deficits why are you so afraid to debate? If you have evidence that mint the coin takes care of the debate I will pay you $10,000. Do you notice that MMT types are always 100% afraid to debate. What does that teach you? This is deeply embarrassing.
it doesn't matter if Dick Cheney and Mussolini have said deficits don't matter. We are trying to establish that you don't have the intelligence to explain why they don't matter. How will you learn if you are afraid to try? If you are not willing to debate it means you are in a cult just parenting what they say because it gives you some psychological comfort.
Concede Nothing! You got this Stephanie! I’m doing what I can (not much) to push the Blue Revolution that Malcolm Nance espoused. MMT provides the lens for Americans to understand the power of fiat currency and reveal how they can truly be empowered. Best of luck and destroy him!!
P.S. I’ll have to watch the replay as I’ve got tickets to see The Fixx tonight!!
If there is some policy that comes out of MMT that you support can you tell us what the policy is and why you support it?
Green New Deal, health care for all, job transition program with living wage and benefits, tax overhaul to eliminate the wage gulf, federalize pay for teachers and school facilities, free higher education benefits for any American, paid trade school program…for starters. The defense budget will be capability outcome driven not budget limited…the list can be long and bold! Thank you for asking!
BTW, I support them all because we can resource all of them. Again, these are starter programs. Eliminating poverty of all forms will underpin these policies.
Green new deal doesn't have anything to do with MMT. It is an old proposal.Do you have any idea what you are talking about?
MMT’s the framework for funding all the policy proposals I highlighted. I believe I understand macroeconomics through an MMT lens.
You still have not said what the relationship is between the green New deal and MMT.
If you read stephanie Kelton's book you would know that MMT could be used as a framework for funding a gigantic military and tax cuts for millionaires. I don't think you know anything at all. This is very typical of the left. It is absolutely amazing.
It’s a choice Ted. I’m not sure what you’re asking and that’s frustrating. I’m totally up for criticism in any view I take however it would be helpful if you make clear wtf you want. I’m a military veteran retiree who benefits very well from fiat currency and I would like all Americans to reap similar benefits. If that makes me “left” so be it. Perhaps we don’t agree and I’m cool with it. Enjoy your day dude.
Will there be a link to watch it later?
It's an interesting topic to debate because if the Republicans really think that paying down the debt is important, than they need to get new leaders. Because Trump and the Republicans in Congress are intent on increasing the debt with their latest spending bills and their actions. Firing IRS agents will increase the debt. Tax cuts will increase the debt. And hindering trade with other countries will increase the debt. It seems to me that both of you should be taking different sides. You should be arguing for decreasing the debt and Stephen Moore should explain to us why Republicans are ok with increasing the debt!
be interested to see if you completely change your mind Michael. Have you read Stephanie’s book?
Why would the book make anyone change their mind? If you have read why not try to tell us?
Stephen Moore is a true conservative who is for reducing or eliminating the debt and deficit regardless of what Trump wants to do or the compromises that politicians are forced into.
You obviously fail to understand much about MMT and are a shill for nonsense.
You should try watching the debate to the end and realize how wrong you are...but you are unable to do so.
What you are advocating for is depression as a result of the mania of "balancing" the budget.
Actually there is no mania for balancing the budget. That is why it has been unbalanced for 25 years. Notice the way someone suggested it was an issue and you believed it without thinking for yourself.
Once again, if there was anything in that book that made sense why are you so afraid to tell us what is is??
Such an obvious lie on your part that ignores the long history going back to Andrew Jackson regarding debt and deficits.
I am glad you will soon be drooling in some assisted living facilities, assuming you have money, where you will be unable to continue misinforming people.
Again if there is an obvious lie why are you so afraid to tell us what the obvious lie is?
You don't have the mental capacity to understand any of this.
Obviously Republicans are ok with raising debt in part because 1) they are not real Republicans in the spirit of Jefferson and Madison who founded the Party in 1793 and in part because 2) Democrats have the nation addicted to crippling social programs and 3) in part because they are savvy politicians who want to get reelected in a country moving left.
Poor Ted. Too dumb to know he is dumb.
if the conservative libertarian philosophy is dumb or if I am dumb why are you so afraid to give us your best example of this. What are you learning from your fear?
There is no explanation you can understand.
"Stephen Moore’s career as an economic analyst has been a decades-long continuous procession of error and hackery." - Jonathan Chait
Can you tell us one thing in particular that Stephen Moore supports that you don't and the reason you don't support it?
I will. His idiotic notion to reduce or eliminate the deficit and the debt thereafter will lead to another great depression where you can stand in a soup kitchen line with all the other idiots who think writing a book shows you understand economics.
You don't.
if you are opposed to eliminating the deficit and debt why not tell us the reason? Have you read the book? If so it should be easy.
It is explained so that even you, a low grade moron, should understand a basic fact.
But you are either too stupid or filled with cognitive dissonance to get it.
if it is explained why are you so afraid to give us your explanation? What do you learn from your fear.
ps: Calling names like a little child on sub stack is not a good look . that you find it meaningful is testimony to your actual intelligence.
You apparently failed elementary reading comprehension. Economist Stephanie Kelton has clearly explained the facts so a child could understand them.
S(TAB) and taxes pay for nothing. But you will go to your grave avoiding understanding what this means.
except he is intelligent enough not to believe MMT makes any sense. If you think it makes sense tell us the reason or admit you are just a groupie lefty.
Have you read "The Deficit Myth"? Provably?
Yes read it. It is considered stupid by most main stream economists. If something in it made sense why be so afraid to tell us what is was and the reason you think it mades sense?
Really? What are the total number of mainstream economists and the survey you have at hand to prove you aren't simply lying again?
Post it now.
if there was a lie I will pay you $10,000. Bet?
Real Modern Monetary Theory Has Never Been Tried - Intelligencer
nymag.com/intelligencer/2022/02/real-modern...
Larry Summers spoke for this contingent when on Twitter he likened MMT’s ideas to “fad diets, quack cancer cures or creationist theories” and chastised the Times for “publicizing” them.
https://www.igmchicago.org/surveys/modern-monetary-theory/
100% think MMT is goofy malarky
Hide trimmed content
Wow! ONE! I guess in your book that is most and even if so they are as wrong as you are.
S(TAB) works every day.
You wouldn't pay up as you are lying about the money.
Now use a proper link.
I wish Milton Friedman were here to debate Ms Kelton. She wouldn’t even show up.
Uncle Milty was a good-for-nada laissez faire capitalist monetarist stooge.
When the lion dies the rats come out. You couldn’t hold a candle to his knowledge and economic accomplishments.
What accomplishments? You & he would be stammering obfuscators when challenged.
So Geoffrey, are you like a poorly written BOT or something?
I doubt Geoffrey is smart enough to be a BOT. He is an aging and out of touch commentator who contributes nothing of substance.
If you disagree with Friedman can you give us a reason why?
Sure - By the 1970s, neoliberal thought—including Friedman's—focused almost exclusively on market liberalization and was adamant in its opposition to nearly all forms of state interference in the economy. He was apparently to simple to understand Fiscal Policy. Also, A big problem with Friedman's theory is that corporations can—and, according to his theory, should—use their influence in Congress to block laws that stop corporations from causing harms. Nor was Friedman correct that business executives are the employees of the shareholders.
if he was too simple to understand fiscal policy tell us the policy and the reason you think he was too simple
Forget the silly game, Ted. YOU present an argument in his defense. I have already presented a simple, concise critique.
there is no game. you said Friedman did not understand fiscal policy. I asked you to explain and you try to change the subject?
In defense of Friedman's conservative laboratory philosophy you would say that he believed in freedom because government interference with freedom has been the source of evil in human history.
I don't think Friedman ever said corporation should manipulate Congress so they can harm the country or their customers or anybody. If this is true show us the quote or admit you made up something.
Admit what you want - I don't require a quote to assess the implications of his theory.
again I asked you to support something you said and you were unable or afraid to do so. What are you learning from your fear?
If business executives aren't in effect employees of shareholders tell us for whom they work?
Read some Law regarding that.
again I asked you a simple question and you are afraid to present the answer. What are you learning from your fear?
"...in effect..." - You are cute. Court decisions, before & after, Milt's theories clarified and pushed more towards this neo-liberal view. An employee is simply modelled on the "master-slave" relationship, which is different from "Agency" or "Contractor", theoretically & in Law in its evolution, relationships in almost all jurisdictions.
Make that "...master-servant relationship,.."
In a capitalist system, employees engage in a contractual relationship with employers, exchanging labor for wages. While power imbalances exist, this differs fundamentally from a master-slave relationship which involves ownership, lack of consent, and denial of basic rights.
Capitalist economies, particularly in developed nations like America, offer significant economic opportunity compared to global standards. Entry-level workers can earn around $20/hour with substantial healthcare benefits (approximately $20,000 annually) without prior experience, English proficiency, or formal education. This stands in stark contrast to nearly half the world's population living on less than $5.50 daily.
Though employment relationships involve inherent power dynamics, they include legal protections, worker rights, mutual agreement, and importantly, the potential for economic mobility unavailable in much of the world.
You say Milton Friedman despite his Nobel Prize he was too simply to understand fiscal policy but you clean forgot to give us the reason you think that?
If Friedman said corps should do harm or use their influence in Congress to block laws that stop them from doing harm I will pay you$10,000. Bet? Or admit to being little more than a liar!
You seem out of your mind, compounded by comprehension shortcomings &/or scurrilousness.
if you disagree with something that was said why are you so afraid to show us what it is and the reason that you disagree. What are you learning from your fear?
ps :name calling is not a good look on sub stack and is testimony to your low intelligence that you find and meaningful.
Friedman was obviously correct that employees work for shareholders. Owners can fire employees anytime they want. What planet are you on?
If you disagree with Milton Friedman about something in particular can you tell us what it is that you disagree with and the reason you disagree?
If you disagree with Friedman try to think of a reason for the disagreement rather than call names like a child. You are embarrassing Kelton.
Ridiculous. You presume another’s emotional state.
Why is it ridiculous to ask you the reason you disagree with Friedman. Do you understand that a reason is necessary and that you need to be able to present the reason here in writing?
Joan Robinson considered Friedman a charlatan. Only armchair economists disagree with her.
Thorstein Veblen Eugene Debs?
Who’s Joan Robinson-obviously a no body !
Milton Friedman knew who she was. So should you.
To the multitude of venal Friedman fan-boy dolts, perhaps.
If you disagree with Milton Friedman why don't you give us the reason you disagree with him? How will you learn if you are afraid to try?
Stephanie wouldn't want to waste her time with him.
He would destroy her in an economic debate!
Did you ever see the video of Milt basically taking the MMT line in responding to Paul Ryan?
It was Greenspan, it good point.
Baffle her with his voodoo bullshit.
Friedman opposed deficits because he wanted it to be as hard as possible for sleazy politicians to waste our money.
Kelton loves deficits because she is a socialist who wants to make it as easy as possible for sleazy politicians to waste money and scarce resources on more and more crippling social programs.
You'll thrash the stooge!
Elbows Up, Stephanie!
Post debate: I can't believe they had you debate a Trumper. I think you trounced him! Great job.
how could an MMT person beat anyone when MMT makes no sense? If it does make sense please give us the reason. Thanks
Stephanie,
post debate
Congratulations.
That was awesome 🤩
You knocked it out of the park. Even Moore seemed to be in awe of your knowledge. The moderator, sadly, was a joke.
Can I watch a recording of the debate?
Nicely done both debaters. Congratulations Professor Kelton on your big win for MMT.
if there is something winning about MMT im wondering if you would be good enough to tell me what it is?
No one can explain color to a blind person.
If you think the conservative libertarian position is blind why are you so afraid to give us the reason you think that. Do you even understand that a reason is necessary??
You don't reason and you certainly don't think.
You are a crank
if you think there is no reason in the conservative libertarian philosophy why don't you try to put into words why you think that? How will you learn if you are afraid to try?
Ask Moore where he thinks the U.S. dollars in his savings account came from.
Great job on the debate Stephanie! While Moore seemed to be focused on politicizing the debate, you focused on illustrating how the economy works. Loved it when you had to call him out on the timeline for Covid relief funds. He forced you to go there and then literally ate his own words.
US history from Andrew Jackson on shows us paying down the debt leads to economic depletion.
Does that mean we should always increase the debt?
Possibly. We never worry about defense or black budget intelligence spending but GOP has us freak out if safety net Social Security and Medicare (for all ?) increases or Universal Basic Incomes added to SS. Modern Monetary Theory and history shows that deficits don’t really matter. Read Stephanie Kelton’s book The Deficit Myth. Nixon discovered “we’re all Keynesians now.” GOP should have a similar epiphany. If not a future Democrat in the Oval Office can #MintTheCoin if all else fails. Too much reliance by the GOP’s Two Santas Strategy (Jude Wanniski). It gets old.
We never worry about defense because we know we are all dead without defense.
You should read stephanie Kelton's book. It says deficits do matter because when they get bigger than economic growth of the economy they cause inflation. In no way does the book say that universal basic income and healthcare and all the rest of your silly crippling programs can be easily financed because of what we learned from MMT.
Oh please, deficit boogeymaning. Your Jude Wanniski act of the Two Santas Strategy is the open secret. Too bad simply #MintTheCoin takes care of your endless “debate me” demands. QED you’re a troll. Get back under the bridge.
https://www.salon.com/2018/02/12/thom-hartmann-how-the-gop-used-a-two-santa-clauses-tactic-to-con-america-for-nearly-40-years_partner/
And
https://www.vox.com/22711346/trillion-dollar-coin-mintthecoin-debt-ceiling-beowulf
And Dick Cheney along with Mango Mussolini both have said deficits don’t matter. Do a little research it’ll do you some good.
If you have resolved the debate about deficits why are you so afraid to debate? If you have evidence that mint the coin takes care of the debate I will pay you $10,000. Do you notice that MMT types are always 100% afraid to debate. What does that teach you? This is deeply embarrassing.
Again, go bother someone else.
it doesn't matter if Dick Cheney and Mussolini have said deficits don't matter. We are trying to establish that you don't have the intelligence to explain why they don't matter. How will you learn if you are afraid to try? If you are not willing to debate it means you are in a cult just parenting what they say because it gives you some psychological comfort.
Parroting. Go bother someone else.
I have never met an MMT person with the intelligence to understand what MMT was let alone to debate it.
You must get out of the house more often. So you’re debating Stephanie yet trolling her supporters of MMT ?
If you are able to defend MMT why don't you become the first person ever to do it. How will you learn if you are afraid to try?
trolling a Democrat is asking them if they want to debate when they are scared to death to do so?
SMH, admits trolling, thinks he’s bright.
Ted claims to have read Stephanie’s book… but he can’t wrap his brain around the title.
Teddy suffers from delusions of adequacy aka Dunning Kruger Syndrome.