tag:blogger.com,1999:blog-5908830827135060852.post239441081485177691..comments2024-03-01T02:40:14.946-05:00Comments on Bond Economics: On Fiscal SustainabilityBrian Romanchukhttp://www.blogger.com/profile/02699198289421951151noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5908830827135060852.post-91249089827195284532020-09-26T01:56:26.133-04:002020-09-26T01:56:26.133-04:00This comment has been removed by a blog administrator.sudalaihttps://www.blogger.com/profile/04686834784261894312noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-37843420639936951822020-09-11T01:00:27.084-04:002020-09-11T01:00:27.084-04:00This comment has been removed by a blog administrator.sudalaihttps://www.blogger.com/profile/04686834784261894312noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-20886355854495332382020-09-03T12:08:37.115-04:002020-09-03T12:08:37.115-04:00As my discussion tried to explain, this is a mains...As my discussion tried to explain, this is a mainstream “steady state” model that is being discussed. This would not be used by MMTers, except to respond to mainstream analysis. There’s almost no information as to how the steady state economy operates, other than noting that liability issuance matches an accounting identity with respect to the deficit.<br /><br />I just realised that I abolished money from this model, and I need to correct my text to account for that.Brian Romanchukhttps://www.blogger.com/profile/02699198289421951151noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-1838029149937040822020-09-03T09:39:52.077-04:002020-09-03T09:39:52.077-04:00I can't help but contrast the idea of governme...I can't help but contrast the idea of government debt to your immediately previous post on currency introduction. Previously in MMT, currency was introduced without linkage to debt, and now we have debt. Why do we need to take MMT into a government debt discussion?<br /><br />Continuing from a slightly different perspective, if we are to have government debt, then the government sector must have some perceived obligation to the private sector. Still following the theory of MMT currency introduction, the government sector has moved from a position of 'no obligation to the private sector at currency introduction' to a position of obligation to the private sector.<br /><br />Are you trying to weave a notion of monetary value into this discussion?Roger Sparkshttps://www.blogger.com/profile/01734503500078064208noreply@blogger.comtag:blogger.com,1999:blog-5908830827135060852.post-75649070420779632892020-09-03T04:54:10.203-04:002020-09-03T04:54:10.203-04:00This comment has been removed by a blog administrator.Sowmyahttps://www.blogger.com/profile/15007241887593184075noreply@blogger.com