Notices by Senex (senexx) tagged mmt

!mmt https://docs.google.com/spreadsheet/ccc?key=0Akqoofo_bGPcdFJ4ZnNQU3RBU3hVdkVwOGtyTnQ3VEE#gid=1 Data taken from Trading Economics on Canada (NO I DID NOT MAKE THIS) & I just want to check the methodology is correct

I think I've answered all the unanswered questions on http://modernmoney.wordpress.com/ now !mmt

@sean you were very quiet on the recent !mmt JG debates  care to add any thoughts? You can see a link to practically all recent criticisms and responses here http://pear.ly/9RAb

Rearranging the equations using Algebra showing working I get (IS)+(GT)+(XM)=(TG)+(SI)+(MX) which is fair enough but using XM as NX I get (TG)+(SI)NX which is just confusing !mmt I get the big stuff but not the little stuff apparently

Budget Deficit (GT) of 4.3%, Current Account Deficit of (XM)2.6%, what's the private sector? I got a small surplus but I had to multiply by 1 and I recall that's a bad thing. Stuck on the small things. !mmt

!mmt folk should enjoy this one http://christopherjoye.blogspot.com/2011/08/usukeuropeandjapanesecentralbanks.html have a laugh

Forgive my ignorance but in regards to this: http://bilbo.economicoutlook.net/blog/?p=15753 does that mean bond sales push interest rates up? Or does it just indicate bond sales/reserve drains *can* push interest rates up? Or did I get lost along the way !mmt

Anyone know the old joke about a man pays $100 for his room at hotel and that $100 does the rounds of the town to the butcher and others and pays off other debts? Just thinking that's a perfect eg. of horizontal transactions net to 0 !mmt

@magpie @sean and anyone else that's interested in !mmt I'm thinking of supplementing Modern Money with http://ausmmt.posterous.com/ It is just a matter of what statistics graphs I put up. Current Account, GDP & if I find one Budget Balance are some obvious ones but what else?

Sadly the time for the http://modernmoney.wordpress.com blog !mmt !econ is about to come to a close, last post 1st July 2011. Unless you can think of a simple concept that I've missed in the overview !stable

@magpie thanks magpie, I'm pretty sure I was the first !mmt advocate to tweet facebook bob murphy's piece. Just haven't had time to follow up  work + budget. Cullen Roche at Pragcap.com sufficiently takes him to task and politely too. Quiggin is in on the act again at CT