Voron

There are few good active ( & interactive) #economics accounts with solid information 👇

@EconIntel

Is one so they are my #FollowFriday suggestion, the #economy will be a major factor in the 2024 election and it’s damn hard for a lay person to sort things out at times, so give them a follow this #ff and boost from time to time as the #election approaches

Jul 14, 2023 at 2:03pmWeb
Show threadDon Hawkins - W7DAHJul 14, 2023
@voron @EconIntel do you advocate for #MMT ? #modernmonetarytheory ?
Show threadVoronJul 14, 2023
@donhawkins @EconIntel I don’t know about @EconIntel but I leave peoples positions on such things alone and just try and help increase awareness of what is going on in the #economy and demystify the jargon used
Show threadDon Hawkins - W7DAHJul 14, 2023
@voron @EconIntel #ModerMonetaryTheory isn’t “jargon”. It’s economics.
Show threadVoronJul 14, 2023
@EconIntel @donhawkins oh I know what it is I also know 90% of people have no idea what the term means and it is primarily used in the field of economics so it falls in the category of jargon
Show threadDon Hawkins - W7DAHJul 14, 2023
@voron @EconIntel “Theory”, yes, jargon not-so-much.
Show threadEcon-IntelJul 14, 2023

@voron @donhawkins

Modern Monetary Theory (MMT) is a very seductive idea, because it essentially theorizes that since government debt never needs to be paid back, the amount does not matter. I.e. Government debt equals wealth and wealth can be created via more debt. If this was true all countries have a clear path to extreme prosperity merely by creating debt. In reality countries with high debt levels see slowing economies and rising levels of inflation.

Show threadVoronJul 14, 2023
@donhawkins @EconIntel for those that don’t it’s simply the idea that we shouldn’t be overly worried about deficits and should allow more government spending
Show threadVoronJul 14, 2023
@EconIntel @donhawkins as for myself I believe that we need to tax the hell out of the rich regulate the f$&k out of BIG businesses especially with regard to market consolidation aka monopolies and rebuild the social safety net
Show threadEcon-IntelJul 14, 2023
@voron
Appreciate the mention. Thank you 😀