Posted To Social Democract In The 21st Century 09/03/2017

These discussions are very intellectually interesting, however, the real economic issue is does the money system facilitate commerce, stability and equitability, i.e. practicality, security and ethics.

IMO MMT has the mechanics of money correctly described, but precisely like what neo-liberalism did, is still an ideology looking for justification. Personally I think libertarians/free banking are headed in the wrong direction and that the money system requires governmental sanction/justification. But MMT, like neo-liberalism, still fails the stability and ethics requirements.

Until such time as MMT or any other theory recognizes and properly understands the concept behind the new paradigm of Direct and Reciprocal Monetary Gifting they will be incomplete, inadequate and effectively unable to fulfill all three requirements.

Wisdomics-Gracenomics: The Natural Concepts Behind The New Paradigm of Direct and Reciprocal Monetary Gifting

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s