Matthew Davidson (mjd) tagged keynes

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mjd
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mjd
Full name
Matthew Davidson
Location
Sawtell, NSW, Australia
URL
http://mjd.id.au
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Hypersensitive New Age Guy
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  1. "[T]he view that the value of money is regulated by the value of the substance of which it is made […] is like confusing a theatre ticket with the performance." # # # https://larspsyll.wordpress.com/2017/01/30/the-origins-of-mmt/

    about 7 days ago from web
  2. @jeffcliff # rightly said that savings are a hedge against uncertainty. Unfortunately, since his time, governments taxing but not spending have drained savings out of the private sector, so now credit cards ("debtfare") are the safety net.

    about 2 months ago from web in context
  3. @clacke Nope. The Bancor wouldn't be street money. It's just for settling international transactions. Member states would retain fiscal sovereignty. i.e. they issue ("spend") & redeem ("tax") local currency as they wish. #

    about 3 months ago from web in context
  4. @clacke @strypey @yukiame & everyone in the Eurozone is using a foreign currency not issued by a state at all. # had a better solution to what the Euro or USD pegging tries to fix: https://en.wikipedia.org/wiki/Bancor

    about 3 months ago from web in context
  5. Wish I had some money: https://www.indiegogo.com/projects/jmk-writings-project-stage-1--2#/ # #

    about 7 months ago from web
  6. Private pensions are perfect examples of #' Paradox of Thrift. Only a sensible strategy if nobody else is doing it. Drain aggregate demand with compulsory savings, and there will be little productive industry left 'ere long. Lots of credit cards and payday lenders, tho'.

    about 8 months ago from web in context
  7. @strypey "Real-Exchange Economics, on which most of us have been brought up […] is a singularly blunt weapon for dealing with the problem of Booms and Depressions. For it has assumed away the very matter under investigation." # #

    about 8 months ago from web in context
  8. "[…] our desire to hold money is a barometer of our distrust of our own calculations and conventions concerning the future." # # #

    about 9 months ago from web
  9. @strypey As # would say, QE is like trying to get fat by buying a larger belt.

    about 9 months ago from web in context
  10. "The psychology of a society of individuals each of whom is endeavoring to copy the others leads to what we may strictly term a conventional judgment." # # 1937

    about a year ago from web in context