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Certainly there are alternative currencies however their impact on daily lives in the US are small compared to the dollar. Glad to see you know some of the het
by seoguru 11y ago
Certainly there are alternative currencies however their impact on daily lives in the US are small compared to the dollar.
Glad to see you know some of the heterodox. Some other names to add: Bill Mitchell, Frank Newman, James K. Galbraith, Abba Lerner.
My favorite Bill Mitchell video to date:
https://www.youtube.com/watch?v=YnyDRwSqp2E https://www.youtube.com/watch?v=YnyDRwSqp2E
I've learned a lot from him.
I'm guessing you know that Bernie Sanders hired Stephanie Kelton as his Chief Economist for the Senate Budget Committee.
- vezzy-fnord 11y agoSize of impact no matter how minuscule, it still poses problems for a chartalist theory of money. Bill Mitchell's economics frequently take a backseat to his rabid quasi-conspiratorial rantings about the neoliberal order that are in turn instrumental to influencing his economics, unfortunately. James K. Galbraith is far less erudite than his father, who was actually a decent institutional economist, if disagreeable. Abba P. Lerner was a great economist, but his functional finance proposal proved theoretically untenable in light of public choice critiques and has yet to practically materialize anyway. He was also against unions, interestingly enough, in his famous paper "Money as a Creature of the State". I'd overall rank MMTers are some of the lowest quality of the heterodox, honestly. The circuitists like Marc Lavoie are much better out of the broader Post-Keynesian school.