@delong.social @caroline-fohlin.bsky.social @jpkoning.bsky.social @tkehoe.bsky.social @danrohde.bsky.social @gsignoret.bsky.social @t0nyyates.bsky.social @fvelde.bsky.social

Hear that and many more of my heretical claims about the New Deal and the Great Depression in this recording of my discussion of _False Dawn_ with the @iealondon’s @TomClougherty: m.youtube.com/watch?v=_zptz7…

BlueSky could use a “sort of like” button, for back-handed compliments!

bsky.app/profile/geor...

Finally, you imply that my libertarianism drives my arguments. Might it just be the case that your own anti-libertarianism makes you biased against me, to the point of causing you to misrepresent my opinions?

Just a thought.

As for my arguing that private arrangements could handle interbank clearing and settlement instead of CBs, why not? They have done so often in the past, and still do it in many places to some extent even today. It’s not that complicated, after all!

If you can find any statement by me contradicting my claims here, I will eat my hat!

And I understand as well as anyone who got through a macro principles course (and with no need for help from any MMTer) that taxes are contractionary.

By the time FDR took office, I think it was inevitable that then-established U.S. gold standard had to go. Moreover, I’ve long argued that the interwar gold exchange standard was a house of cards.

Every authors’ worst fear! And though I have great respect for DeLong’s work, I cannot say the same for Rauchway, who seems keen on perpetuating myths, such as that FDR embraced Keynes’s ideas, and that the New Deal was a program well thought out when FDR took office.

Just about every view you attribute to me here, apart from the ad-hominem stuff (where I work; my supposed politics) is untrue, except the part of not being able to run the US economy. I humbly confess to that.

Thanks for this generous praise, Mike!