(High economics, twitterren bidez)
@RichardJMurphy @wbmosler @ProfSteveKeen no law without enforcement.
14:17 – 2015 urr. 10
Richard Murphy @RichardJMurphy
@neilwilson @wbmosler @ProfSteveKeen But enforcement is not the same as coercion. Coercion punishes deviant behaviour.
@RichardJMurphy @neilwilson @ProfSteveKeen rephrasing: enforced taxation obviates the main stream’s neutrality of money arguments
Richard Murphy @RichardJMurphy
@wbmosler @neilwilson @ProfSteveKeen I still have to say that means nothing to me
03:00 – 2015 urr. 11
@RichardJMurphy @neilwilson @ProfSteveKeen Enforced taxation renders inapplicable the neo classic model that assumes money neutrality
03:08 – 2015 urr. 11
Richard Murphy @RichardJMurphy
@wbmosler @neilwilson @ProfSteveKeen I am not sure that is a necessary conclusion: money is not in a lot of neoclassical economics
@RichardJMurphy @neilwilson @ProfSteveKeen Same point: because its presumed to be neutral- just a numeraire
@RichardJMurphy @neilwilson @ProfSteveKeen Taxation introduces imperfect competition to their models, radically altering the outcomes 😉
03:58 – 2015 urr. 11
@RichardJMurphy @neilwilson @ProfSteveKeen The currency monopolist restricting supply (net fin assets) becomes the source of unemployment 😉
04:03 – 2015 urr. 11
@RichardJMurphy @neilwilson @ProfSteveKeen So it means the neo classic answer to unemployment is the state spending more than it taxes 😉
04:05 – 2015 urr. 11
@RichardJMurphy @neilwilson @ProfSteveKeen So it means checkmate, game over, for austerity. Go for it, mate!!!
04:07 – 2015 urr. 11
@RichardJMurphy @neilwilson @ProfSteveKeen And it means that if you miss this point they do to you what they did to Varoufakis 🙁
04:17 – 2015 urr. 11
Richard Murphy @RichardJMurphy
@wbmosler @neilwilson @ProfSteveKeen I think equating taxation to imperfect competition is, at best, confused reasoning. They are unrelated
@RichardJMurphy @neilwilson @ProfSteveKeen Talk it out with your econ associates and get back to me thanks!
10:26 – 2015 urr. 11
