This is just a small follow up to the conversation with Richard Green, whilst there remains stuff to be disputed from a Neochartalist (MMT) perspective, the essence of the conversation boils down to:
@RHTGreen so basically you want it mathematized
— Australian MMTer (@AusMMT) January 6, 2013
@AusMMT For me it makes the BS explicit. One reason why I can’t believe anyone ever accepted RBC. Maths forces you to state your BS up front
— Richard T. Green (@RHTGreen) January 6, 2013
For the full context, please see the previous post that shows the entirety of the conversation.
So for the mathematical models requested: