@JamesCostopoul1@GeorgeSelgin My understanding is that the spending helped, and the war is what put that on the levels, but the price control parts of the ND were ineffective at best and often counterproductive
@PezunCityDJs@JakeLandauTO And they talk about our present politics with the dune lens: the US gaining hegemony after the Cold War is described as House Washington becoming proto emperor. Same way we tend to view feudal kingdoms like nation states
@AtheistTakes It’s not that atheist have no moral sentiments, it’s that for them this morality cannot be logically backed. Morality can stay as a feeling or as a conviction, but can’t be logically reached. The is-ought dilemma
@ChristianHeiens@Gaigous It’s just never gonna happen. We cannot default on a debt in a currency we print. In the future we will just understand that the cost of govt spending is inflation, not only taxes
On the debate among economists discussing the PhD grand, let me just add the following (remember I am a romantic about this) -- you pursue a PhD not to have a career, but to pursue ideas that you cannot stop thinking about. As you pursue ideas you want to learn more and more about them and what might be wrong with your current understanding so you dig deeper. Your interest might be motivated by events around you, or intriguing ideas you heard or read. As you dig deeper you learn about different ways others have thought about those ideas, so you dig in to what they say and write. Now you are entering a conversational community. That conversational community you learn has its own language and standards of communication and since you want to be part of that conversational community you learn the language and try to meet the standards. But in all of this, it is the IDEAS that drive you, the QUESTIONS you get to ask as you pursue those ideas, the PROBLEMS you wrestle with. Techniques are means to an end of a DEEPER UNDERSTANDING, not an end in themselves. Learn the tools appropriate for the questions and problems you hope to wrestle with because the ideas that captured your imagination in the first place led you down this path. There is a joy of learning and an urgency in science. Remember that always.
@subsidiarity133@PaulRDeHart A politician is also constrained: the actions he considers ideal might not want with the actions chosen when constrained by keeping political support. That is how I can explain his life as a great writer, but bad president
@mean_field_zane I have looked into it on the surface level, and it seems like people criticize mmt are adding things I’ve never seen an mmt-er say. Eg: that crowding out doesn’t happen