tag:blogger.com,1999:blog-4788085997404718759.post3649261986049650184..comments2016-11-05T09:19:37.839-07:00Comments on Wondering Aloud: An Interesting Idea From a Dubious SourceGreghttp://www.blogger.com/profile/03139782404004492965noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-4788085997404718759.post-37299067469795659432012-04-30T12:47:29.292-07:002012-04-30T12:47:29.292-07:00Bickley is the last name but most places Im just G...Bickley is the last name but most places Im just Greg, or gbgasser . Ive even posted as gizzard before. <br /><br />A post about my post? Might get me traffic...... traffic might get me comments..... comments might make me respond to the comments.... I could be at my own site a lot more.... hmmmmm.Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-4788085997404718759.post-19745420512706172562012-04-30T10:40:41.303-07:002012-04-30T10:40:41.303-07:00Cool. To me Interfludity is about as great a resou...Cool. To me Interfludity is about as great a resource as you can find-I'm actually much newer to it. Greg it's kind of crazy but: what is your last name? LOL. Or do you prefer to just be known as Greg? <br /><br /> I'm actually thinking about writing a post about this post of yours with a link to your blog.Mike Saxhttps://www.blogger.com/profile/01360689916550576484noreply@blogger.comtag:blogger.com,1999:blog-4788085997404718759.post-76248499835288390802012-04-30T09:51:37.432-07:002012-04-30T09:51:37.432-07:00Oh Ive been going to Interfluidity for 3+ yrs. I d...Oh Ive been going to Interfluidity for 3+ yrs. I definitely think SRW is very good. <br /><br />Another site you should put on your list is "Winterspeak". I actually got my introductionm to MMT through him about 3-4 years ago.Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-4788085997404718759.post-33351731959471185162012-04-29T16:12:57.039-07:002012-04-29T16:12:57.039-07:00As far as MMT they do have some good materials to ...As far as MMT they do have some good materials to learn from but I like expecailly to go to the source-easily 98% of what they do is direct from Minsky right down to the JG. <br /><br /> What's interesting about JG is that it's kind of like NGDP-it has the same role as an anchor to prices. <br /><br /> The one guy who is really good and has some actual personality-he's not strict MMT though but he gets all this stuff-MMT, MM, New Keynesian, etc.-is Steve Waldman at Interfluidity. <br /><br /> If you really want to learn he's the place to go to-I find anyway.Mike Saxhttps://www.blogger.com/profile/01360689916550576484noreply@blogger.comtag:blogger.com,1999:blog-4788085997404718759.post-61621962446493387032012-04-29T16:05:31.067-07:002012-04-29T16:05:31.067-07:00Hey Greg! Yeah I have in the past noted there were...Hey Greg! Yeah I have in the past noted there were similarities between Warstler and the JG. <br /><br /> Still I think the theme of your post is right-be wary of the source. I feel sort of the same way about Sumner even though I have learned stuff from reading him. I appreciate him but respect hiim enough to be wary of him. <br /><br /> For starters with Warstler: no way should we give up UI or the minimum wage. That's already a major Trojan Horse. I'm sure there's a lot more but I have to remind myself more about how his plan works.Mike Saxhttps://www.blogger.com/profile/01360689916550576484noreply@blogger.comtag:blogger.com,1999:blog-4788085997404718759.post-69983482014113510052012-04-29T13:36:47.047-07:002012-04-29T13:36:47.047-07:00Thanks for taking the time to comment Mike.
One...Thanks for taking the time to comment Mike. <br /><br />One thing I didnt delve into in my post is that I think that Warstlers idea fits well into the MMT idea of a JG. Warstler calls it something else but Randy Wray is quite clear, the design of the JG can be a myriad of ways. I see no real reason this plan wouldnt be consistent with the JG principles as set forth by the MMT macroeconomists.<br /><br />Using the Ebay and Paypal framework is slick I think. The thing is the money to fund this still comes form the govt and isnt "paid for" by new taxes. In fact by eliminating UI it actually lowers taxes on businesses. I'd be interested to see Randys critique of the plan. Im sure he will think of things I havent thought of. One question I have is how much does Paypal get to skim off this? We shouldnt have to pay a private company to do things which the govt can do them selves like deposit money in an account or pay a medical bill. The private company ads no value to the process and its just graft. Private companies that add value should be rewarded not those that are doing exactly what the govt can do but only more expensively.<br /><br />I agree about finding the right personality to present MMT. It is making its way forward in spite of itself I suppose, a real testament to its truth I think. Warren Mosler has the best grasp and the simplest descriptions. He's somehwat of a savant I think, but he is not strong in front of a microphone or camera, he doesnt wow you. Wray is brilliant but acerbic and Mitchell comes off as a cranky old guy sometimes. I like to listen to/watch Marshall Auerback. British accent, nice looking, always smiling and quite witty too. He would be my choice to put on the Sunday talk shows to go head to head with the present economic talking heads. Id love to see Jon Stewart get him on or Steven Colbert. Bill Maher might be a good place to get on too.Greghttps://www.blogger.com/profile/03139782404004492965noreply@blogger.comtag:blogger.com,1999:blog-4788085997404718759.post-69374967498396495032012-04-29T12:47:21.786-07:002012-04-29T12:47:21.786-07:00I should also add Greg that overall it was a real ...I should also add Greg that overall it was a real good post with one defect-it talked much too much about old Morgan Warstler and not nearly enough about your buddy Mike! LOLMike Saxhttps://www.blogger.com/profile/01360689916550576484noreply@blogger.comtag:blogger.com,1999:blog-4788085997404718759.post-7953377706036824262012-04-29T12:41:00.219-07:002012-04-29T12:41:00.219-07:00Any way now you can't say you don't have a...Any way now you can't say you don't have any idea what I look like!Mike Saxhttps://www.blogger.com/profile/01360689916550576484noreply@blogger.comtag:blogger.com,1999:blog-4788085997404718759.post-50266516677717476172012-04-29T12:39:22.934-07:002012-04-29T12:39:22.934-07:00Greg! Finally the tables are turned! Didn't kn...Greg! Finally the tables are turned! Didn't know you had a blog but am now a member. <br /><br /> Warstler's defintely a character. I knew he was a Breitbart man but not that he actually writes at Big Government. <br /><br /> My dealings with him are mostly at Sumner's Money Illusion. <br /><br /> I'm not clear how Warstler's plan is better than the MMT JG. <br /><br /> Mind you I do agree that the MMTers while I have learned a good deal from and agree with on many things can be-some of them-a little dogmatic. Not Dan Kervick though, and many of them are cool. <br /><br /> I do often think that if they improved their peronality they might win more converts. Even when people flatter them-and are sincere-sometimes they still bite their heads off. <br /><br /> A little trick of education is that sometimes even dull witted students need a little encouragment-calling somebody hopelessly ingnorant and perhahps with malign motives probably scares some away. <br /><br /> Again they're not all like that but it is a little categorical over the JG. I like the idea in principle-I have long called for a return to the PWA. Still you can debate some of the technicalities of how the JG would work partiucarly as an anchor in the economy. <br /><br /> Interesting this idea is sort of like NGDP as the JG is supposed to anchor aggregate spending much as the NGDP target is supposed to do this for the Market Monetarists. <br /><br /> As for Wasrtler I always tell him that the thing I like about him is that unlike most conservatives he doesn't pee on your leg then tell you it's raining, he simply pees on your leg.Mike Saxhttps://www.blogger.com/profile/01360689916550576484noreply@blogger.com