#learnmmt — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #learnmmt, aggregated by home.social.
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#ModernMonetaryTheory is THE KEY to EVERYTHING we want - if like me, you too are a progressive and a socialist. So? So, #LearnMMT! U N D E R S T A N D #MMT. #SharedEconomy #ResourceBasedEconomy #Limitarianism #macroeconomics #RealProgressives #MacroNCheese youtube.com/shorts/J_ERH...
Can We Vote Out Capitalism? -
#ModernMonetaryTheory is THE KEY to EVERYTHING we want - if like me, you too are a progressive and a socialist. So? So, #LearnMMT! U N D E R S T A N D #MMT. #SharedEconomy #ResourceBasedEconomy #Limitarianism #macroeconomics #RealProgressives #MacroNCheese youtube.com/shorts/J_ERH...
Can We Vote Out Capitalism? -
#EnclosureOfThePublicCommons #Capitalism is supported by all forms of #bigotry and #oppression. #LearnMMT. And learn that we are all in this together. #EndCapitalism to end kings.. Restore #Antitrust and the #PublicCommons.. #NoKings m.youtube.com/watch?v=uviC...
The Revolution Needs Women & W... -
#EnclosureOfThePublicCommons #Capitalism is supported by all forms of #bigotry and #oppression. #LearnMMT. And learn that we are all in this together. #EndCapitalism to end kings.. Restore #Antitrust and the #PublicCommons.. #NoKings m.youtube.com/watch?v=uviC...
The Revolution Needs Women & W... -
#EnclosureOfThePublicCommons #Capitalism is supported by all forms of #bigotry and #oppression. #LearnMMT. And learn that we are all in this together. #EndCapitalism to end kings.. Restore #Antitrust and the #PublicCommons.. #NoKings m.youtube.com/watch?v=uviC...
The Revolution Needs Women & W... -
#EnclosureOfThePublicCommons #Capitalism is supported by all forms of #bigotry and #oppression. #LearnMMT. And learn that we are all in this together. #EndCapitalism to end kings.. Restore #Antitrust and the #PublicCommons.. #NoKings m.youtube.com/watch?v=uviC...
The Revolution Needs Women & W... -
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There is quite a lot of difference between "tax the rich because nobody should have that much power" and "tax the rich in order to fund things"
The latter dignifies the rich as indispensable masters of society and plays into their hands.
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I despise Tony Dekoupil, but here... https://www.cbsnews.com/video/economists-on-whether-the-national-debt-is-cause-for-concern/ #LearnMMT
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Howard on #BBCLauraK said all that money that was spent on covid has to be paid back
A state's economics is not the same as household economics
The pound is sovereign currency
The Bank of England is internationally respectedHow many more times do we have to say this?
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There is nothing wrong with high levels of National Debt. It is in many respects an abstract concept, and trying to reduce it will only cause direct economic harm to a country's citizens
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@harriettmb it's the lack of imagination that gets me.
I have painted my living room in a shade of magnolia. I shall ALWAYS paint my living room in a shade of magnolia
There are 1000s of different shades
XXX
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When discussing tbe #autumnstatement, Fiona Bruce asked the #bbcqt audience to put their hands up if they felt confident about the future
Only 1 hand was raised.
That person said how debt incurred from covid and the Ukraine war has to be repaid.
Household economics are not the same as a nation's economics.
How many more times do we have to say this!
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THE CORE IS: There is an elaborate institutional structure in place to obsfucate the true nature of these transactions. But in an accounting sense, when there is a budget surplus, then base money and/or private wealth is destroyed. The opposite is the case for budget deficits. #MMT #DiscoverMMT #LearnMMT
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THE CORE IS: There is an elaborate institutional structure in place to obsfucate the true nature of these transactions. But in an accounting sense, when there is a budget surplus, then base money and/or private wealth is destroyed. The opposite is the case for budget deficits. #MMT #DiscoverMMT #LearnMMT
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THE CORE IS: There is an elaborate institutional structure in place to obsfucate the true nature of these transactions. But in an accounting sense, when there is a budget surplus, then base money and/or private wealth is destroyed. The opposite is the case for budget deficits. #MMT #DiscoverMMT #LearnMMT
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THE CORE IS: There is an elaborate institutional structure in place to obsfucate the true nature of these transactions. But in an accounting sense, when there is a budget surplus, then base money and/or private wealth is destroyed. The opposite is the case for budget deficits. #MMT #DiscoverMMT #LearnMMT
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THE CORE IS: There is an elaborate institutional structure in place to obsfucate the true nature of these transactions. But in an accounting sense, when there is a budget surplus, then base money and/or private wealth is destroyed. The opposite is the case for budget deficits. #MMT #DiscoverMMT #LearnMMT
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The credits do not “come from anywhere”, as, for example, gold coins would have had to come from somewhere. It is accounted for but that is a different issue. Likewise, payments to government reduce reserve balances. Those payments do not “go anywhere” but are merely accounted for. #DiscoverMMT #MMT #LearnMMT
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The credits do not “come from anywhere”, as, for example, gold coins would have had to come from somewhere. It is accounted for but that is a different issue. Likewise, payments to government reduce reserve balances. Those payments do not “go anywhere” but are merely accounted for. #DiscoverMMT #MMT #LearnMMT
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The credits do not “come from anywhere”, as, for example, gold coins would have had to come from somewhere. It is accounted for but that is a different issue. Likewise, payments to government reduce reserve balances. Those payments do not “go anywhere” but are merely accounted for. #DiscoverMMT #MMT #LearnMMT
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The credits do not “come from anywhere”, as, for example, gold coins would have had to come from somewhere. It is accounted for but that is a different issue. Likewise, payments to government reduce reserve balances. Those payments do not “go anywhere” but are merely accounted for. #DiscoverMMT #MMT #LearnMMT
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The credits do not “come from anywhere”, as, for example, gold coins would have had to come from somewhere. It is accounted for but that is a different issue. Likewise, payments to government reduce reserve balances. Those payments do not “go anywhere” but are merely accounted for. #DiscoverMMT #MMT #LearnMMT
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This understanding reinforces why the pursuit of government budget surpluses will be contractionary. Pursuing budget surpluses is necessarily equivalent to the pursuit of non-government sector deficits. They are two sides of the same coin. #MMT #DiscoverMMT #LearnMMT
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This understanding reinforces why the pursuit of government budget surpluses will be contractionary. Pursuing budget surpluses is necessarily equivalent to the pursuit of non-government sector deficits. They are two sides of the same coin. #MMT #DiscoverMMT #LearnMMT
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This understanding reinforces why the pursuit of government budget surpluses will be contractionary. Pursuing budget surpluses is necessarily equivalent to the pursuit of non-government sector deficits. They are two sides of the same coin. #MMT #DiscoverMMT #LearnMMT
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This understanding reinforces why the pursuit of government budget surpluses will be contractionary. Pursuing budget surpluses is necessarily equivalent to the pursuit of non-government sector deficits. They are two sides of the same coin. #MMT #DiscoverMMT #LearnMMT
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This understanding reinforces why the pursuit of government budget surpluses will be contractionary. Pursuing budget surpluses is necessarily equivalent to the pursuit of non-government sector deficits. They are two sides of the same coin. #MMT #DiscoverMMT #LearnMMT
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Some may retort that government bond purchases provide the private wealth-holder with cash. That is true but the liquidation of wealth is driven by the shortage of cash in the private sector arising from tax demands exceeding income. The cash from the bond sales pays the Government’s net tax bill. The result is exactly the same when expanding this example by allowing for private income generation and a banking sector. #DiscoverMMT #MMT #LearnMMT
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Some may retort that government bond purchases provide the private wealth-holder with cash. That is true but the liquidation of wealth is driven by the shortage of cash in the private sector arising from tax demands exceeding income. The cash from the bond sales pays the Government’s net tax bill. The result is exactly the same when expanding this example by allowing for private income generation and a banking sector. #DiscoverMMT #MMT #LearnMMT
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Some may retort that government bond purchases provide the private wealth-holder with cash. That is true but the liquidation of wealth is driven by the shortage of cash in the private sector arising from tax demands exceeding income. The cash from the bond sales pays the Government’s net tax bill. The result is exactly the same when expanding this example by allowing for private income generation and a banking sector. #DiscoverMMT #MMT #LearnMMT
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Some may retort that government bond purchases provide the private wealth-holder with cash. That is true but the liquidation of wealth is driven by the shortage of cash in the private sector arising from tax demands exceeding income. The cash from the bond sales pays the Government’s net tax bill. The result is exactly the same when expanding this example by allowing for private income generation and a banking sector. #DiscoverMMT #MMT #LearnMMT
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Some may retort that government bond purchases provide the private wealth-holder with cash. That is true but the liquidation of wealth is driven by the shortage of cash in the private sector arising from tax demands exceeding income. The cash from the bond sales pays the Government’s net tax bill. The result is exactly the same when expanding this example by allowing for private income generation and a banking sector. #DiscoverMMT #MMT #LearnMMT
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So it is clear that the government surplus has two negative effects for the private sector: (a) the stock of financial assets (money or bonds) held by the private sector, which represents its wealth, falls; and (b) private disposable income also falls in line with the net taxation impost. #DiscoverMMT #MMT #LearnMMT
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So it is clear that the government surplus has two negative effects for the private sector: (a) the stock of financial assets (money or bonds) held by the private sector, which represents its wealth, falls; and (b) private disposable income also falls in line with the net taxation impost. #DiscoverMMT #MMT #LearnMMT
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So it is clear that the government surplus has two negative effects for the private sector: (a) the stock of financial assets (money or bonds) held by the private sector, which represents its wealth, falls; and (b) private disposable income also falls in line with the net taxation impost. #DiscoverMMT #MMT #LearnMMT
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So it is clear that the government surplus has two negative effects for the private sector: (a) the stock of financial assets (money or bonds) held by the private sector, which represents its wealth, falls; and (b) private disposable income also falls in line with the net taxation impost. #DiscoverMMT #MMT #LearnMMT
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So it is clear that the government surplus has two negative effects for the private sector: (a) the stock of financial assets (money or bonds) held by the private sector, which represents its wealth, falls; and (b) private disposable income also falls in line with the net taxation impost. #DiscoverMMT #MMT #LearnMMT
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We absolutely should heavily tax the rich to reduce inequality, and to limit their corrosive influence over politics, which they typically use to block all progressive change. But the left really need to wrap their heads around the fact that money doesn't grow on rich people: there isn't less of it because rich people have more, and taxing their wealth away won't raise additional revenue for social expenditure. That's simply not how public finance works.
If your government isn't spending in ways that benefit society, that's because they've made a political decision to avoid doing so, not because billionaires have all the money! This PAYGO model of public finance makes taking action on anything - including existential threats such as climate change - impossible. Until progressives realise that the government can always spend any amount, immediately, society will continue to hurtle towards disaster.
We do not need the rich to help us solve our problems.
#LearnMMT -
I liked this just criticism of #NYTimes mostly poor, biased reporting on the #DebtLimit
"In the midst of this political battle, with one party using unconstitutional methods and the threat of economic catastrophe to try to kick people off social programs, a responsible paper of record might want to avoid mindlessly promoting a key premise of the economic terrorists: that government debt is a serious problem that we should be very concerned about."
https://fair.org/home/nyt-fearmongers-debt-as-gop-holds-economy-hostage/
#mmt #LearnMMT