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MMTers can be as welcoming as they can be, but if the Mainstream won't change channels it will be for naught. But, if MMT becomes the preferred mode of analysis for a significant section of the financial community because it simply works better and provides them with superior analysis, insights and profits, then it might start to make encroachments. But, more likely, many in the financial community will incorporate the analysis, but be quiet about it, as the insights MMT provides could undermine the public rationale that supports the looting. It will be interesting to see how this plays out. I would expect any major transition to be sudden, as with catastrophe theory. Making grant money for research into 'stock and flow' monetary circuit analysis available from the Fed and other funding sources would be a major sign of a transition.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Jul 2nd, 2012 at 12:23:55 PM EST
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