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GhostOnTheHalfShell , to anthropology
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@economics@a.gup.pe @anthropology



The Axial Age gets to the nub of this epoch.

The super rich press a return to an age of debt peonage. They have largely succeeded in student and other forms of massive debt.

And the reasoning for a fiat monetary system that provisions a population so they do not fall into peonage is clearly made there.

Relentless debt is lethal to a civilization, particularly usury because drives a society to crisis.

🧵

GhostOnTheHalfShell , to random
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@economics@a.gup.pe

Painful and counter productive politics surrounding the MMT conference. For gear heads, the paper he would have presented is available in the article.

“A major criticism of MMT by its real enemies—again, Neoclassical economists, not yours truly—is that no MMTer has ever presented a mathematical model of MMT. Minsky generates those equations, which were also part of this paper”

https://profstevekeen.substack.com/p/why-is-steve-keen-not-at-the-leeds

GhostOnTheHalfShell OP ,
@GhostOnTheHalfShell@masto.ai avatar

@economics@a.gup.pe
@academicchatter

Mosler’s reaction, to demand Keen to be disinvited and the disinvitation, is a mistake that should be corrected for the future

“I was going to ignore the 5% I criticise to help the 95% I support—and if you’re an “MMTer” and you doubt these proportions, ask yourself whether you’d still be an activist for MMT if the only thing it asserted was that “Imports are real benefits and exports are real costs”? (Mosler 2010, p. 59)”

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