Answer to Poll No. 6 on US government finances: The statement given is true.
It is true that the US federal government can spend whatever it takes to meet people's basic needs... without increasing inflation.
Inflationary pressures are managed via choices as to when, where, & on what to spend.
Eg, extra welfare payments are typically spent back into the economy.
Such programs stimulate the economy without causing inflation.
Briahna Joy Gray talks to economics professor Fadhel Kaboub about Modern Monetary Theory (MMT) and why, if the government spends strategically, it can actual...
Answer to Poll No. 4 on US government finances: The statement given is true.
As the currency issuer, the US federal government is never forced to borrow its own currency.
Info: In the UK (US is similar), "Public expenditure is always financed through money creation rather than taxation or debt issuance."
<p>This paper provides the first detailed institutional analysis of the UK Government’s expenditure, revenue collection and debt issuance processes. We show tha
Answer to Poll No. 3 on US government finances: The statement given is false.
The truth is that the US fed government - as the issuer of USD - can never run out.
Info: In the UK (US is similar), "Public expenditure is always financed through money creation rather than taxation or debt issuance."
<p>This paper provides the first detailed institutional analysis of the UK Government’s expenditure, revenue collection and debt issuance processes. We show tha
Answer to Poll No. 1 on US government finances: The statement given is false.
The truth is that the US federal government literally spends USD into being (out of thin air).
Fed taxes are used, not for spending, but rather for purposes of managing inflation, among others.
Info:
In the UK (US is similar), "Public expenditure is always financed through money creation rather than taxation or debt issuance."
<p>This paper provides the first detailed institutional analysis of the UK Government’s expenditure, revenue collection and debt issuance processes. We show tha
Answer to Poll No. 2 on US government finances
It is true that:
"The US federal government is legally able to create USD out of thin air".
This currency issuing is how federal spending works (state spending is different)
Info: In the UK (US is similar), "Public expenditure is always financed through money creation rather than taxation or debt issuance."
<p>This paper provides the first detailed institutional analysis of the UK Government’s expenditure, revenue collection and debt issuance processes. We show tha
Welche Alternativen zu unserem heutigen #Geldsystem gibt es?
In Berlin findet im Rathaus Köpenick heute und morgen das "Geldsymposium" mit acht Lösungsansätzen statt. Mit diesen Anregungen startet morgen der demokratische Geldkonvent.
Die Veranstaltung ist ausverkauft.
#Kapitalismus #Vollgeld #Warengeld #OeffentlichesGeld #Regionalgeld #MMT #Freigeld
In #Melbourne on Sat 5 July, there will be a public workshop on delivering public services from an #MMT perspective. I'll be talking about a framework for guaranteed full employment, affordable housing, etc. A roster of younger, brighter people than I will be covering all sorts of things. Details here:
https://publicmoneypublicgood.net/events/
I attended a previous workshop last year and it literally changed my life. Even if you don't particularly want your life changed it'll be enlightening and entertaining.
DrALJONES
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