Dave VolekThe Economic Elephant in the Room
My frustration trying to understand modern monetary theory:
https://tiereddemocraticgovernance.org/blog_details.php?blog_cat_id=19&id=506
Gemma SeymourRecent conversations I've had regarding #PublicBanking, #ModernMonetaryTheory #MMT, and #LandValueTaxation #LVT in #Vermont #VT have again shown how little knowledge and understanding there is among the electorate of not only these particular concepts, but of how economies actually function.
People approach these subjects with deep skepticism, because they run counterintuitive to received "wisdom".
I often feel like Galileo attempting to prove the fact that the Earth revolves around the Sun.
Taxes categorically do not "pay for" government, at least, not on the level of the government that issues the currency. #ModernMonetaryTheory #MMT demonstrates this ably. The federal government *must* first spend the currency into existence, in order for taxes to be paid.
However, for the state and municipal governments in the US, since they cannot spend more currency into existence, they are forced to tax first, then spend.
#PublicBanking would allow them to get around that limitation.
Stephen Hayes#WealthTax #Limitarianism
#PublicPurpose #GeneralWelfare
#SafetyNets #WealthDistribution
#EconomicDemocracy
#ModernMonetaryTheory
m.youtube.com/watch?v=XW0T...
Billionaires won’t leave if we...
Billionaires won’t leave if we...
Billionaires won’t leave if we tax them – and even if they do, so what?
#ModernMonetaryTheory
Money creation does not cause economies to collapse. The CONSERVATIVE REACTION to money creation - AUSTERITY MEASURES - are what collapse economies.
Please stop being fools, liberals.
Please???
#ModernMonetaryTheory
A currency issuing government does not need an income to be able to spend. The only limitations are real resources and whatever the political will of the people happens to be.
We CAN have a green energy economy and universal free health care.
👇
youtube.com/shorts/q7nl5...
The national debt need never b...
The national debt need never b...
The national debt need never be paid off
#Rentiers #Colonialism #Imperialism - the highest stage of #Capitalism
#RealEconomics means
#PoliticalEconomy is all there ever is.
The solutions? ::
The #Commons
#Limitarianism
#WealthTax
#Welfare
#ModernMonetaryTheory
#ResourceBasedEconomy
#Communism
#Lenin #Marx
m.youtube.com/watch?v=Llyy...
Vulture Capitalism: Empire, Ba...
Vulture Capitalism: Empire, Ba...
Vulture Capitalism: Empire, Bailouts, Monopoly Power | Grace Blakeley
#TaxesDoNotFundSpending
#CurrencyISSUER versus
#CurrencyUSER
Learn #ModernMonetaryTheory AND ADVOCATE IT, or you are all fake democrats. And I have had it with you!
This applies in all currency issuing governments, US, UK, Japan, etc...
m.youtube.com/watch?v=Flqo...
Everything You've Been Told Ab...
Everything You've Been Told Ab...
Everything You've Been Told About Tax Is Wrong
Can all of you people learn #ModernMonetaryTheory please? ..Or stop pretending that you care about anything left, liberal, or progressive.
Knock it off, if you won't learn the nuts and bolts essence of what makes The Work possible.
Especially you, @[email protected]
m.youtube.com/watch?v=TUxV...
Why the household budget myth ...
Why the household budget myth ...
Why the household budget myth is dangerous economics
facebitaNicht schlecht das Interview von #robinalexander und #DagmarRosenfeld mit #friedrichmerz. Eine Stelle machte mich allerdings stutzig: Als der Kanzler behauptete, dass alle – Haushalte, Privatpersonen, Unternehmen – so stark verschuldet seien, dass keine weiteren Schulden verantwortbar seien, da fragte mich ich mich: Fragt der sich nicht, in wessen Büchern diese vielen Schulden als Forderungen stehen? https://podcasts.apple.com/de/podcast/machtwechsel/id1568123217 #mmt #modernmonetarytheory
