Bin die Tage mehrmals über folgenden Fakt gestolpert:
Seit 2020 wurden 1/3 der globalen Geldmenge geschöpft.
Die Entwicklung fand ich schon 2008 bedenklich, hat sich aber nochmal beschleunigt. Führt das nicht im Kern dazu, dass alle Assets teurer werden? Die Aktuelle Inflation ist also nur das Resultat einer Multikrise, deren Ursprung tief in unserem Wirtschaftssystem liegt.
Verstehe ich da was falsch oder warum wird das nicht mehr skandalisiert?
RE: https://masto.ai/@rbreich/116596980962671675
@economics_that_works
To put this in MMT terms. Donald Trump is adding $1.8 trillion to the economy. Every time the government spends money, it adds money to the economy because it’s deficit is mirrored by an increase of the money supply in the non-federal sectors.
1/2
We're very excited to announce our online lectures series - with our first to kick off on Tuesday 2nd June, 6pm AEST.
https://us06web.zoom.us/meeting/register/8_1eKk1jRsWlj4Te6VlaJQ
This series will feature the most pertinent economic & political issues, ideas that challenge the economic status quo, and the urgent demand for more just policy.
The first in our Lecture Series is about inflation, political will and building economic capacity - how we did it before and how we can do it again.
Marcus Champ's research into Australia during World War 2 shows forgotten lessons that could not be more relevant for today. Time for Q&A and discussion at the end.
We'd love to see you there!
Welcome! You are invited to join a meeting: Public Money Public Good Lecture Series 1: 'Inflation in a Time of War'. After registering, you will receive a confirmation email about joining the meeting.
Eine sinnvolle Alternative wäre eine staatliche Job-Garantie für alle unfreiwillig arbeitslosen, wie sie die Vertreter der MMT (Modern Monetary Theory) fordern.
Finanziert sich praktisch von selbst über die Steigerung der Binnennachfrage, die gerade am Boden liegt - es sei denn, man lässt scheunentorgroße Steuerschlupflöcher offen.
Man muss allerdings nicht lange nachdenken, um drauf zu kommen, wer sich dagegen aussprechen würde: Arbeitgeber könnten nicht mehr mit Arbeitslosigkeit drohen, um Löhne niedrig zu halten.
Ministerpräsident Schulze will Menschen zu gemeinnütziger Arbeit drängen. Kritik daran kommt von Helena Steinhaus vom Verein Sanktionsfrei. Sie befürchtet eine „symbolische Politik der Härte“.
@pmonks
> We could literally set the money we collect on fire
Fortunately, that's what federal taxation is!
US dollars are created by US government spending: pass a law that says to spend new money, increase number at central bank, poof the money exists. Taxation is the opposite process: the money ceases to exist.
This exposes the folly of “but how will they use billionaire tax money”: they won't. A monetarily sovereign government doesn't need billionaire money to fund anything, they just fund what they want to fund by writing “spend this new money” in a law.
US federal taxation destroys the money, and the billionaire has less spending power. That's the point of US govt taxation: it removes the money the govt created. To control inflation; to discourage activities that are to be discouraged. Not to fund anything.
We don't need billionaires *for anything*, least of all their money.
@kauer Before taxing billionaires, it's probably a good idea to stop shovelling money at them.
If the government stops deliberately producing and nurturing billionaires as they have for the last half century, I'm sure their population will dwindle pretty rapidly.
Honestly, have you _seen_ billionaires? They're obviously not our best and brightest. Left to fend for themselves, the weight of their own ineptitude will be far more efficacious at thinning their numbers than a wee haircut.
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Public Money. Public Good.
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