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Started by TRaney on Feb 20, 2019 9:42:05 AM
Tedious economics thread

For those that like that kind if thing. And not for those that don’t.

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TRaney - 20 Feb 2019 09:42:22 (#1 of 167)

https://varoufakis.files.wordpress.com/2014/01/ta-on-debt-paper-1.pdf

nac1001 - 20 Feb 2019 10:09:23 (#2 of 167)

10 points

TRaney - 20 Feb 2019 10:09:49 (#3 of 167)

Haha

FrankieTeardrop - 20 Feb 2019 10:10:19 (#4 of 167)

M-1 points or M-4 points?

TRaney - 20 Feb 2019 10:10:22 (#5 of 167)

I’ve never been the victim of points before. It’s oddly pleasing.

SteveFrench - 20 Feb 2019 10:46:16 (#6 of 167)

MMT!

tasselhoff - 20 Feb 2019 10:46:29 (#7 of 167)

M-4 is the only real measure.

mememe - 20 Feb 2019 10:48:17 (#8 of 167)

I remember at one stage Thatcher was so losing control of her monetary levers that she was trying to push M0 (notes and coins) as the true figure. Even as an A-level student that was a bit daft.

Jacob_Richter - 20 Feb 2019 10:50:21 (#9 of 167)

M-C-M'

Jacob_Richter - 20 Feb 2019 10:51:39 (#10 of 167)

c + v -> c + v + s - s/(c + v)

TRaney - 20 Feb 2019 21:11:42 (#11 of 167)

MMT!

That does seem to be pretty much what Lerner was advocating. What I found interesting was how Keynes seemed to support it at least as a thought experiment, perhaps even as the actual optimal solution, but believed political and market considerations rendered it impracticable.

I also liked the vignette of Keynesians and Hayekians meeting in neutral territory in Bishop Stortford but falling do drunken ranting.

And Lerner’s idea of allocating military supplies to generals on market principles.

thisonehasalittlehat - 20 Feb 2019 21:14:00 (#12 of 167)

I think there's an oversupply of these threads. Or perhaps it's the weak demand.

TRaney - 20 Feb 2019 21:18:52 (#13 of 167)

Says who?

thisonehasalittlehat - 20 Feb 2019 21:19:59 (#14 of 167)

Should I do Descartes 101?

TRaney - 20 Feb 2019 21:22:03 (#15 of 167)

Ah you missed the joke

TRaney - 20 Feb 2019 21:23:33 (#16 of 167)

Anyway if the thread’s beneath you feel free to bugger orf

thisonehasalittlehat - 20 Feb 2019 21:25:25 (#17 of 167)

I was only joking. I never got behind supply/demand curves. So I was trying to support the endeavour to the best of my abilities.

thisonehasalittlehat - 20 Feb 2019 21:26:02 (#18 of 167)

(although I've an a level in economics because supply/demand curves turns out to be enough)

Delighted_User - 20 Feb 2019 21:27:31 (#19 of 167)

Surely anyone can start a tedious economics thread. Isn't the trick to start a sprightly one that will draw all those outsiders in, you know, the ones who think all economics threads are tedious?

TRaney - 20 Feb 2019 21:28:25 (#20 of 167)

No, this one is strictly for dullards.

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