Post To Billy’s Blog 10/15/2015

Neil:  “Given enough time they might come round to a more “MMT-compatible” policy-position”

They won’t. The ‘advisory committee’ is dyed in the wool Neo Keynesian. Blanchflower is talking about NGDP targeting for example.

That committee is a group of political lobbyists in the ‘expert’ field whose job is to squash any discussion of actual alternatives to the status quo banker/finance led position they espouse. Which means you have to get to the point where that fails catastrophically before there will be any more change.

@ Neil,

Precisely why we require a mass movement allying small and medium sized businesses and consumers (there’s a nice little constituency for you) that shows how an integration of MMT, Public Banking and Social Credit is in both their interests and the agenda that will bring free flowingness to the economy as well. That way you can better control/ignore the negative spin and just keep “pouring on the coal” of a resonating and genuine hope.

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