Show threadToni Aittoniemi1d ago

Neoliberalism promised economic growth, instead it delivered speculation growth.

Leverage #debt drives asset prices, and by deregulating private banking, the rich got huge asset price inflation, while the real production economy stagnated.

Neoliberalism completely ignores the level of private debt in it’s models. But the stockmarket going up today is mostly a function of the amount of private debt in circulation .. 🤦‍♂️

Wordmark1d ago
#garyseconomics #economy #uk #eu #germany what the #left failed to realize for 10 years (sorry to say it but #left has degraded to a label... there is no serious teeth in it at least in #bundestag of #germany which is probably largely to successfull #lobby of #finance #mafia ) https://www.youtube.com/watch?v=vamgbxM-fec #taxjustice #poor #rich #bond #bonds #debt #staatsverschuldung #governmentdebt #govdebt #staatsanleihen #inflation #assets
Show threadEric Maugendre about carbon1d ago

Government "deficit spending" is the nation-state creating money (out of thin air) and exchanging it.

For societies that retain for themselves currency #sovereignty, anything that is technically feasible, is affordable: https://heteconomist.com/the-core-significance-of-taxation-and-currency-sovereignty-in-a-nutshell/

#debt #deficit #currency #money #centralBanks #MMT #power #wealth #settlements #transactions #policy #government #politics #economy #policies #climatePolicies #economics #deficitSpending #macroEconomics

The Core Significance of Taxation and Currency Sovereignty in a Nutshell – heteconomist

Scott the F is implicit Baxter3d ago

Trying to wrap my head around the #economy and #US #debt and #inflation.

I still kinda think the central bank creates money when it loans it to other banks or the government at the prime lending rate, and destroys it -poof!- when it is repaid.

And so it's important for the debt - which is the amount of money out there - to be in proportion to the amount of stuff that the money can buy.

And it all comes from loans and from public spending (which is loans taken out by the government).

#money

Via Baltica3d ago

Every major party in #Estonia has added to the public #debt, Kaspar Oja, senior economist at the Bank of Estonia, reported. Estonia has had structural #budget deficits every year since 2017. Nevertheless, #opposition parties have pledged major tax cuts after the upcoming parliamentary #elections.

https://viabaltica.fi/estonia-all-parties-pushed-up-public-debt-report/

Estonia: All parties pushed up public debt: report

Every major party in Estonia has added to the state’s debt burden, according to Kaspar Oja, senior economist at the Bank of Estonia, ERR reported. While the biggest budget deficits emerged during the…

Via Baltica
Wokebloke for Democracy3d ago

I have mixed feelings about posting this. Our system is broken with no one to fix it, so we have people who can become impoverished by healthcare and billionaires with enough money to help (if they will). This is a false economy.

https://www.yahoo.com/news/us/articles/snap-ceo-evan-spiegel-miranda-160000220.html
#Charity #Capitalism #Healthcare #Debt

Snap CEO Evan Spiegel and Miranda Kerr help erase $550 million in medical debt for Californians

The couple donated millions of dollars to Undue Medical Debt, a national nonprofit that helps pay off medical bills. The gift will affect more than 261,000...

Yahoo News
If the oceans die, we die....4d ago
Trump asked Congress for $87.6 billion in emergency spending for his Iran war.
A war that shouldn’t have been started.
The country is over 39 trillion in debt. Where is this money supposed to come from?
We don’t have money to help feed the hungry in the USA.
EVERYTHING to trump is an emergency. Using it as a tool to get his way. A scam, he laughs at the law. He believes he is above it. I blame the supreme court, their immunity decision & all the other enablers. #Criminal #Trump #War #Debt #USA
Politico.eu (Unofficial RSS)4d ago
Rachel Reeves pitches to stay as UK chancellor under Burnham https://www.politico.eu/article/rachel-reeves-pitches-to-stay-uk-chancellor-under-andy-burnham/?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication #FinancialServicesUK #EnergyandClimateUK #TechnologyUK #Investment #MiddleEast #Elections #Inflation #Conflict #TradeUK #Mayors #Debt #Tax
Rachel Reeves pitches to stay as UK chancellor under Burnham

Reeves’ bid to remain chancellor comes after reports that Andy Burnham, who’s likely to become prime minister, would demote her.

POLITICO
Show threadTelH904d ago

@mcspocky welcome.to the #AmericanOligarchy!

https://www.youtube.com/watch?v=4S25FfbFw4M

#USpol #USA #Trump #Oligarchy #Corruption #TaxMoney #WastefulSpending #PublicDebt #debt

Oligarchy is worse than you think

YouTube
Blaze Trends5d ago
Borrowers who consolidate federal student loans after July 1 will see their IDR forgiveness counts reset to zero. The Department of Education is restricting legacy repayment plans following the March court ruling against the SAVE program, moving new consolidations to the RAP plan. #StudentLoans #Finance #Education #Debt #Policy
https://blazetrends.com/federal-student-loan-consolidation-rules-change-july-1-following-save-plan-court-mandate/?fsp_sid=41138
Federal Student Loan Consolidation Rules Change July 1 Following SAVE Plan Court Mandate

Borrowers consolidating federal student loans after July 1 will see their IDR forgiveness counts reset to zero as the Department of Education phases out legacy plans following the SAVE court ruling.

Blaze Trends