The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Well yes. If you define all other economists, including Bofinger or Krugman as cargo-cultists, leaving only the members of your sect as economists, then you have majority.
That is a quite apt description of what the neoclassicals have been doing.
Incidentally, I never claimed that I had a majority on the issue of whether subsidising private bondholders reduced inflation. I claimed that I was right as a matter of fact.
Furthermore you seem to confuse the national asset stock with the national debt,
Uh, no. What I said is that the quote-unquote "national debt" is the monetary base. If you eliminate the "national debt," you eliminate all state money in the economy. And that would be bad.
monetary growth with a deficit,
The two are the same.
In this cause a balanced budget over the cycle would indeed be wrong, but I don't share your assumptions
Those are not my assumptions, they are how fiat currencies work. Go check the Bank of International Settlements Working Paper 292, p. 19-21 if you don't want to take my word for it.
Friends come and go. Enemies accumulate.
by ATinNM - Feb 26 3 comments
by Frank Schnittger - Feb 23 9 comments
by Frank Schnittger - Feb 6 68 comments
by THE Twank - Feb 13 15 comments
by generic - Jan 30 7 comments
by Luis de Sousa - Feb 3 100 comments
by THE Twank - Feb 27
by ATinNM - Feb 263 comments
by Frank Schnittger - Feb 239 comments
by THE Twank - Feb 20
by THE Twank - Feb 1315 comments
by Frank Schnittger - Feb 668 comments
by Luis de Sousa - Feb 3100 comments
by Zwackus - Feb 258 comments
by Drew J Jones - Feb 123 comments
by generic - Jan 307 comments
by Drew J Jones - Jan 3085 comments