MMT vs. Austrian School Debate

Comments · 5.3K

• HI

  @hikerstl · 7 years ago

  The only disrespect I saw was from the guy who claimed he saw disrespect.

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• JO

  @jonflugstad642 · 12 years ago

  Mike Norman is now complaining about disrespect when he laughed at Peter Schiff when he forecasted the financial crisis back in 2007.

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• RY

  @Rycology · 6 years ago

  Lmao, moderator SLAUGHTERED the definition of insanity.

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• SH

  @shanedk · 7 years ago

  "I think you're too condescending, Murphy! [proceeds to be condescending"

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• MI

  @miker2157 · 5 years ago

  I respect Warren Mosler in this debate for his candor about how the current system works.  He admits, that the whole system is based on compulsion, monopoly, violence and political control.  He admits that this is how it is and I'm just explaining how the game works.

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• SH

  @shivan2418 · 12 years ago

  So hilarious with that guy who slams Murphy for being condescending - then proceeds to ask extremely condescending question.

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• KI

  @kitaki2012 · 5 years ago

  Who else here in 2020? <b>money printer go brrr</b>

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• BR

  @brendansheehan6180 · 9 years ago

  That guy who was the first to comment I have seen before. The guys who runs the economics blog. I&apos;m pretty sure he was a wallstreet econ. commentator pre-2008 housing market crash, and he was scoffing at an Austrian economist who was claiming that their was an impending crisis-- literally laughed in his face about it. Then, well, obviously, that guy got his foot stuck in his own mouth. Kind of funny the &quot;condescending&quot; tone he supposedly finds in R. Murphy&apos;s arguments- guy hasn&apos;t quite recovered since his misunderstanding.

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• JI

  @jimfcarroll · 11 years ago

  As a hard-core Austrian, I think this debate was FANTASTIC. I also think Austrians need to address MMT better than they have so far - AND I think this is one of the best conversations I&apos;ve seen between the two schools. Thanks!

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• DI

  @DiogoVKersting · 7 years ago (edited)

  - So you see the government is like a cheater?<br>- Yes.<br>- And you don&apos;t see anything wrong with that?<br>- No, that&apos;s just the system we live in.<br>- OK, so when the government does it, it&apos;s not cheating, but any other group does it, it&apos;s cheating?<br>- Well, yes they make the rules.<br>- Why is it OK for them to make rules that benefit themselves, at the expense of the citizens?<br>- Because they got the guns, and are not afraid to use them.<br>- And you don&apos;t see anything wrong with that?<br>- No, that&apos;s just the system we live in.

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• GI

  @giuseppe641 · 3 years ago

  Good discussion and still relevant after ~10yrs

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• J.

  @j.markenglish5747 · 12 years ago

  At about an hour and thirty minutes into the debate - Mosler suggests that if people were really upset at unemployment, and not okay with relative low inflation - than there would be protests against the Fed. &nbsp;But how many people outside the small percent of the population that can grasp economics and how complicated the whole system of MMT really is - would know enough to march against the Fed? &nbsp;Those that partook in the &quot;Occupy Wall Street&quot; movement did not really understand that their real gripe was against the Fed, and not Wall Street. &nbsp;But it takes some real thought exercise to reach that conclusion when everything around you looks bleak.

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