VoronJul 14, 2023

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

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 threadVoron
@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
Jul 14, 2023 at 2:26pmWeb
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.