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Topic Title: modern monetary theory in a time of plague
Topic Summary: America is Committing Economic Suicide
Created On: 04/07/2020 07:46 AM
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 04/07/2020 07:46 AM
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dab

Posts: 1200
Joined Forum: 08/08/2003

" You are watching an economy begin to die. That, my friends, is what economic devastation looks like. It says that unemployment claims skyrocketed to 7 million last week. That's a number so high, so fast, that there's no parallel in all of recorded history - even remotely.".


The American Economy Is About to Die From Coronavirus

MMT PRIMER

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Great minds discuss ideas; Average minds discuss events; small minds discuss people.



Edited: 04/07/2020 at 02:21 PM by dab
 04/07/2020 07:51 AM
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StirfryMcflurry

Posts: 8746
Joined Forum: 08/17/2016

not dead, it's restin.
 04/07/2020 08:08 AM
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dab

Posts: 1200
Joined Forum: 08/08/2003

Originally posted by: StirfryMcflurry

not dead, it's restin.


Can't say I agree or disagree with certainty.

But, dumping Keysian Economics and applying MMT might be a worth trying. Infrastructure rebuild funding starting with creating a public hospital system, public health clinics, VA health system upgrade/update etc. would be a jobs creator.

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Great minds discuss ideas; Average minds discuss events; small minds discuss people.

 04/07/2020 09:38 AM
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RustyTruck

Posts: 33300
Joined Forum: 08/02/2004

If only all the wealth created in the last 30 years hadn't fallen into the hands of 1% of the population, we might be able to take a hit without going tits up.



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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 04/07/2020 10:55 AM
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scombrid

Posts: 18021
Joined Forum: 07/24/2003

Best of all, the biggest most recent handout in the form of the McConnel/Ryan great tax giveaway of 2017 really did do in their pockets. They didn't put a dime back into the companies and now they have their hands out because their companies are at risk of failing.

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 04/07/2020 10:59 AM
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RustyTruck

Posts: 33300
Joined Forum: 08/02/2004

http://neweconomicperspectives...ry-theory-primer.html

Fixed link

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Capitalism is based on the ridiculous notion that you can enjoy limitless growth in a closed, finite system.

In biology, such behavior of cells is called "cancer".
 04/07/2020 02:22 PM
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dab

Posts: 1200
Joined Forum: 08/08/2003

Originally posted by: RustyTruck

http://neweconomicperspectives...ory-primer.html



Fixed link


Thank you for the fix....

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Great minds discuss ideas; Average minds discuss events; small minds discuss people.

 04/08/2020 03:11 AM
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StirfryMcflurry

Posts: 8746
Joined Forum: 08/17/2016

its not quite passed on, pinin for the fijords, but it could be on the way - is what i'm hearing.
 04/08/2020 08:54 AM
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SlimyBritches

Posts: 6462
Joined Forum: 01/08/2016

It'll be devastating, but not for TrumPutin's masters. He's paying back his debt to every bank, oligarch, and communist leader he's borrowed from. That's why he doesn't show his tax returns.
 04/08/2020 10:08 AM
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Fish Killer

Posts: 71439
Joined Forum: 10/09/2005


23209.88

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.
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