Post by Iain Dooley on Sept 18, 2016 14:30:39 GMT
I created a document with open comments going through an article by economist Michael Pettis:
docs.google.com/document/d/10uZ7RlfJmf28uN8QtFF4-JeiwYJilGElhYXbPnJtdhw/edit
The original article is here:
seekingalpha.com/article/3584116-thin-airs-money-created-thin-air?page=2
I did this because a friend of mine on Facebook was arguing against MMT and referred me to this article. I started reading it and there was so much conflation of public and private debt in the first paragraph that I sensed I would have to go through and do a point by point rebuttal on the entire article.
It took me a few months to get around to it
docs.google.com/document/d/10uZ7RlfJmf28uN8QtFF4-JeiwYJilGElhYXbPnJtdhw/edit
The original article is here:
seekingalpha.com/article/3584116-thin-airs-money-created-thin-air?page=2
I did this because a friend of mine on Facebook was arguing against MMT and referred me to this article. I started reading it and there was so much conflation of public and private debt in the first paragraph that I sensed I would have to go through and do a point by point rebuttal on the entire article.
It took me a few months to get around to it
