Who can massively spend without obtaining money?
A currency supplier: any monetarily-sovereign administration.
#slogan #slogans #quotes #debt #deficit #sovereignty #money #centralBanks #currency #MMT #power #statehood #settlements #transactions #policy #government #politics #economy #policies #economics
“As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e. unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational.”
– St. Louis Fed, in their publication titled “Why Health Care Matters and the Current Debt Does Not”
#slogan #quotes #debt #deficit #money #Fed #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #publicHealth
“The U.S. government is not like a household. It is the issuer of the currency. It doesn’t need to ‘get’ money from anyone else—not from taxpayers, not from China.”
– Stephanie Kelton (economist, former US Senate Budget Committee Chief Economist)
#slogan #quotes #debt #deficit #money #Fed #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #USPol #USA #Treasury #Kelton #StephanieKelton
Sovereign states invest or spend as much as they want by issuing they own money and credit.
#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #money #slogan #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #administration
“A sovereign government does not need to collect taxes or issue bonds to finance spending. It finances directly through money creation.”
– Eric Tymoigne is an associate professor of economics at Lewis & Clark College, NY, who specializes in the fields of #money and #banking, monetary theory, and financial macroeconomics
#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT
"Because the federal government has the unlimited ability to create dollars, it neither taxes or borrows in order to obtain dollars. It simply creates them ad hoc. Tax dollars are destroyed upon receipt.
"When you pay your taxes, you take dollars from your checking account. […]
When they reach the Treasury, they cease to be part of any money supply measure. They effectively are destroyed. To pay its bills, the federal government creates new dollars, ad hoc."
https://mythfighter.com/2025/03/02/a-summary-of-what-you-should-know-about-americas-economy/
“The government can always finance its spending by creating money.”
~Hyman Minsky, economist
#fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #deficit #Fed #CentralBank #CentralBanks #Treasury #MMT
"Central bankers are not detached, objective technocrats, but powerful political actors, whose decisions favour the powerful, and hurt the weak."
Ann Pettifor: https://annpettifor.substack.com/p/technocrats-as-handmaidens-to-authoritarianism
#interestRates #centralBanks #Fed #money #credit #economics #FederalReserve #technique #technocrats #technocracy #yields #economists #monetaryPolicy #budget #debt #deficits #Crimea #moneyCreation #monetaryCreation #exploitation
Central bank independence is a part of neo-liberal economic policy, which aimed to get government out of the ‘managing the economy’ Keynesian style and instead allow free markets and deregulation of finance, in particular.
"Central bank independence means independence from the demands of the many to protect the interests of the financial sector."
Michael Roberts: https://thenextrecession.wordpress.com/2025/08/27/should-central-banks-be-independent/
#interestRates #centralBanks #Fed #money #credit #economics #FederalReserve #yields #monetaryPolicy
Eric Maugendre about carbon
