Actually, I had no more than sent that post when I began to see the focus;" MMT" had confused me for a bit & I had failed to focus on the core.
I agree completely,. In fact, there is a principle here that, I think, is of great importance, though I've never found a really satisfactory expression of it: roughly, "X is not a proper demand, because if we had the power to win X, we would have the power to overthrow capitalism." And sometimes X can be trivial in itself, but still unachievable under capitalism. Carrol > -----Original Message----- > From: [email protected] [mailto:pen-l- > [email protected]] On Behalf Of Doug Henwood > Sent: Friday, June 21, 2013 10:22 AM > To: Progressive Economics > Subject: Re: [Pen-l] monetary policy > > > On Jun 21, 2013, at 11:08 AM, Marv Gandall <[email protected]> > wrote: > > > They think the policy and decision making elites just don't "get" how the > modern monetary system based on fiat currencies works, and they're on an > educating mission. > > That's one of the things about this that gets me - the bourgeoisie knows > damn well how the system works. They just have different political priorities > from the printing press crowd. It's not a matter of understanding - it's a > matter of interests. > > Carrol, what I meant was that if the bourgeoisie were so weakened that it > could accept unlimited central bank financing of budget deficits, 0% interest > rates, and full employment, the political environment would be so different > from the present one that we could be contemplating a whole different > agenda - i.e., socialism of some sort. So if you're imagining that sort of > political environment, why limit your imagination to monetary manipulations > and leave questions of ownership and power out of the picture? > > > Doug > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
