Again, the title of the post: "Wow! L Randall Wray, leading MMTer, is now completely on board with what I tried to convince him of years ago."
Randy had written an article and was heavily attacked in the comment section. It was on Nouriel Roubini's website, which article and my back and forth with Randy has been flushed down the memory hole since (recently actually; March 2019). I believe I have a copy of the back and forth.
Randy didn't understand me at first. He thought I was a libertarian because I was disagreeing with him. To his credit, he always engaged in the comment section and did finally understand that I was saying that we don't need the Fed for money. He finally said that not going to the Fed would be fine with him after I had fleshed it out as to why it would be better not to. My argument was that by not borrowing, the government would not be increasing the national debt and would not be paying interest on the debt. Randy explained that in the final analysis, borrowing and paying interest versus simply creating the money as the government doesn't matter. I agreed then but only up to a point. I understood his point and position.
However, we have always faced the debt-ceiling fight and government shutdowns, which would not have occurred without the borrowing.
So now, Randy doesn't even hesitate to state that "We don’t have to get the Fed to “print money” to pay for it [the Green New Deal or anything else]."
This is great. He's where Bill Mitchell, another leading MMTer, was some years ago. Perhaps they compared notes.
Randy writes: "The great J. Fagg Foster said 'Whatever is technologically possible is financially feasible'—a line I’ve often used." He's right, "Whatever is technologically possible is financially feasible." I have never used the line before, but I remember trying really, really hard to get the MMT community to comprehend exactly that concept. They ran me off, literally. So did the libertarians, of course.
I never didn't like Randy. I always cut him slack because to fend off the trolls, and many of them were exactly that, he had to be a gunslingger, a quick and deadly shot. He was pretty good at it but sometimes shot first and asked questions later. Fortunately, they were words rather than bullets. I'm alive and kicking.