Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: CentralParkRanger who wrote (198921)	4/14/2021 11:55:35 PM
From: combjelly	Read Replies (1) \| Respond to of 359554

But i-node stayed in a Holiday Inn... I am not saying I am a fan of MMT. As I stated, I lean neo-Keynesian. But neo-Keynesian economics doesn't explain the low interest rates on sovereign debt. And it has been a decades long trend that legitimate economic theories can't explain. The problem that Keynesian economics ran into in the 1970s was it couldn't explain stagflation. In fact, it was impossible. Yet there it was. Neo-Keynesian addressed that, but it can't explain the interest rate decline. Or at least I haven't seen any explanation that doesn't involve some degree of handwaving. MMT does explain some things that others don't. And that gets my attention. I don't get all religious on things like economic theories. And sure, like with Keynesian economics, it can be abused by politicians. A common criticism of conventional Keynesian theory is that it promotes running up the debt when things are dire and paying off the debt when things are good. The criticism of "but politicians never pay it down" is a valid one. But that isn't the fault of Keynesian economics, but the politicians who choose to cut taxes instead of paying down debt.