Ok, I tried this once before and now it looks like another thread has taken off where my last one was left. What I’m looking for is a formal, thorough, critique of MMT from an Austrian perspective. Please do not post unless you understand MMT, meaning you have read something like the explanations …

For my point of view this sounds a bit like a semantics discussion. Austrians say that the gov: 1: Either taxes people to have money to spend it (neutral on price inflation) 2: Borrows to tax people later for it (also neutral to price inflation) 3: Prints money (mostly disguised as borrowing to d…

"But this has no effects on any economic law. The government in fact is keeping the charade with taxing and borrowing up to deceive the people. Trust in the USD would shrink drastically worldwide if they would really communicate/handle it as Mr Mosler is describing it, making it quite possible that …

Kristjan, You don’t know what happens when people lose their trust in a currency?

I know what happens when people lose their trust in the currency but this is not the point here. ((The legal characteristics of various types of money are entirely unessential for economic theory))) I don’t understand the point of this statement. Are you trying to say that Soviet Union rubles were…

I don’t understand the point of this statement. Are you trying to say that Soviet Union rubles were the same as US dollars? Legal framework doesn’t matter right? Here is what Esuric said earlier, which should clarify: In other words, the laws of economics (economic theory) are not subject to l…

@ Think Blue Thanks, I was already looking for this thread. But with the keywords “how to quote” it is not findable with the search function. But I tried now with “how+to+quote”. This works.. Thanks anyway! @ Kristjan “I don’t understand the point of this statement. Are you trying to say that So…

“The laws of economics don’t need revision every time there are institutional changes. They are laws; they are applicable in any location and at any time. It is precisely because we understand such laws that we can understand the ramifications of such institutional changes.” No they are not. Moneta…

No they are not. Monetarily sovereign governments are not to looked like households or non sovereign governments. There are completly different set of rules at play. Why not? This is a pure assertion. You can see this error every day around you when debt hawks scream that interest rates will go…

So you are saying that the economic law how interest rates react on higher borrowing from the government is different with a monetarily sovereign government as with a non sovereign government. This is wrong. The only difference is there is a different set of parameters or a different set of rules s…

An Austrian Critique of MMT?

Economics Economics Questions

Think_Blue March 15, 2011, 7:07pm 92

By the way, it might be helpful for all of you to learn how to quote on the Mises forums:

[url]How to Quote a post in a reply on the Mises Forums]

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An Austrian Critique of MMT?

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