[GeneV]

No, this guy is an Austrian and, while great on civil liberties, is totally lost on monetary operations.Paul Ryan OTOH is a closet MMTer and an Art Laffer disciple. Art Laffer also understands MMT. Mosler:
The Upside-Down World of MMT


I also keep saying we'd probably be better off economically with someone like Romney in office (he's disgusting but not batshit crazy and not a Manchurian candidate like Obama). The Republicans would not give a damn about deficits once they have the reins. The deficit hysteria is all a show for gullible guys like yourself.

Maybe in this narrow realm, Nixon could go to China again with Romney. However, there would be so many other areas where the results would be not so good, and I am not even convinced that there is room for a Nixon in the Republican Party, today. I suspect Romney would end up as the Manchurian Candidate, but worse, once the forces in his party acted upon him. Already, he has denied so much of what worked for him in the past.

[jeffkrol]

With $300 Billion The President Can Reduce Unemployment to Zero - Truthdig

With $300 Billion The President Can Reduce Unemployment to Zero

By L. Randall Wray and Stephanie Kelton

Senior Scholar L. Randall Wray is a professor of economics and research director of the Center for Full Employment and Price Stability at the University of Missouri–Kansas City. Stephanie Kelton is an Associate Professor at the University of Missouri-Kansas City, and she is a Research Scholar at the Levy Economics Institute in New York.

The problem is that the president believes we can cure our jobless problem by providing the proper incentives to the business community. And here he is committing one of the few big policy blunders from Lyndon Johnson’s War on Poverty. Like Johnson, who focused on retraining the unemployed for jobs that did not exist, Obama has focused on incentivizing the businesses community to hire workers to produce for customers that do not exist. Time and again, Obama has shown that he will only tinker around the edges, relying on the same tired supply-side initiatives that will not work: more incentives to build business confidence, subsidies to reduce labor costs and to promote exports, and maybe even tax cuts to please Republicans.