MMT is NOT a lie, its simply a description of reality.
@justsomeguy6336
Жыл бұрын
No it’s a lie.
@davidwilkie9551
7 ай бұрын
@@justsomeguy6336 Because it's the description of liar behavior.
@abstubeificationschannel-gq7ye
5 ай бұрын
Sure, a magic mushroom reality for creative accountants 🤪🍄
@erikanderson1402
4 ай бұрын
@@abstubeificationschannel-gq7ye Do you dispute sectorial balance lol? It’s an accounting fact.
@jacksonstone246
4 ай бұрын
It lies about how wealth is created. Wealth isn’t created by banks. It’s created by individuals and their ability to think and act freely in trade with one another.
@botchedmandala5197
Жыл бұрын
"MMT is a lie", "MMT is accounting"... so accounting is a lie?
@glenwarrengeology
Жыл бұрын
It can be, especially if one makes it very confusing.
@ProfSteveKeen
2 ай бұрын
No, the title was clickbait.
@RedWinePlease
Жыл бұрын
It's acctng but not a lie. But it was a good clickbait title.
@WilhelmDrake
Жыл бұрын
Money is a creature of the state.
@WilhelmDrake
Жыл бұрын
The content of the video is in complete contradiction to its title. I don't get it. Steve Keen relationship to MMT is one of a "fellow traveler".
@Ballosopheraptor
Жыл бұрын
It's a lie to call it a "theory" I think might be what Prof. Keen means by this. I agree with him that "MMT" can be divided into two parts - accounting, political theories that are not really "economics" per se. I think that the MMT people have added a lot to the debate but there is a lot to criticize about how they present "MMT" as a coherent economic theory, when it is not.
@ProfSteveKeen
8 ай бұрын
Yes, it's CLICKBAIT for those who don't get MMT. The way many MMT proponents have interpreted this has been a right royal pissoff for me.
@ChannelMath
7 ай бұрын
@@ProfSteveKeen you're such a badass, Steve, love how you even mix it up in the comments. btw, I finally got a windows machine, so I can run Minsky properly (the Mac version still sucks last I checked)
@ProfSteveKeen
7 ай бұрын
Glad to hear that@@ChannelMath. The Mac version is actually much improved now, but the Windows is better (heavy use of the right-click mouse when Apple doesn't have one).
@viraltarpara1704
Жыл бұрын
@profstevekeen nice clickbait lol
@ProfSteveKeen
Жыл бұрын
Shhh! Don't tell anyone...
@mezquitic
8 ай бұрын
Blocking is useful also reporting
@Ffkslawlnkn
Жыл бұрын
Do you think anybody learned anything from that clip?
@akoben
10 ай бұрын
At the end of the day, it is productivity, not population size or closeness to America, is what determines GDP and per capita income. E.g. Dom Rep and Haitian have the same population, but DR has a HIGHER GDP and per capita income.
@NelsonGuedes
Жыл бұрын
So what's the explanation that it is a lie? Because that was just a description
@ProfSteveKeen
Жыл бұрын
The explanation is that the people putting the clip together either got it wrong, or decided to be ironic for click bait reasons
@carbonicoyster5907
2 ай бұрын
What does MMT have to do with Steve Keen? Nothing
@agnosticpagan
Жыл бұрын
That is an incorrect definition of assets. Claims on others are just one type of asset. The majority of assets are PP&E, inventories, and other current assets.
@WilhelmDrake
Жыл бұрын
It's talking about Financial Assets
@Ballosopheraptor
Жыл бұрын
He says financial claims specifically. In the context of the conversation they're talking about banks and for banks essentially all of their assets are financial assets.
@ChannelMath
7 ай бұрын
just...smh
@mezquitic
8 ай бұрын
Hahaha you are using the wrong person to make a video misleading
@ProfSteveKeen
8 ай бұрын
Curses! One of you actually worked out that this is CLICKBAIT. Now can the rest of you making critical comments here go back to school and learn about IRONY?
@quentinprice2222
4 ай бұрын
You my friend are a quack and mmt is the worst. Triple entry accounting is better. Banks are corrupt
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