This was a fascinating discussion. Reminds me of how Americans have built an edifice of idolization for George Washington, when in reality the man was a shallow, insecure, incompetent, greedy, viscous, violent, bigot.
Anyhow, I've been toying with an idea I think of as neo-MMT where governments unlock resources by unilaterally controlling the cost of commercial capital for identified bottlenecks that the private economy can't make work commercially. This as opposed to what they do currently which is essentially to inefficiently usurp and spend private capital. Lend to commercial competitors under terms that can make them profitable where they otherwise wouldn't be, rather than deleting market signals entirely. What do you think?
Soll owes you a nickel. This pod led to my purchasing and enjoying his book. Figures, the often worshipped lowercase "g" god of markets is frequently misquoted and therefore mostly misunderstood.
This was a fascinating discussion. Reminds me of how Americans have built an edifice of idolization for George Washington, when in reality the man was a shallow, insecure, incompetent, greedy, viscous, violent, bigot.
Anyhow, I've been toying with an idea I think of as neo-MMT where governments unlock resources by unilaterally controlling the cost of commercial capital for identified bottlenecks that the private economy can't make work commercially. This as opposed to what they do currently which is essentially to inefficiently usurp and spend private capital. Lend to commercial competitors under terms that can make them profitable where they otherwise wouldn't be, rather than deleting market signals entirely. What do you think?
Soll owes you a nickel. This pod led to my purchasing and enjoying his book. Figures, the often worshipped lowercase "g" god of markets is frequently misquoted and therefore mostly misunderstood.