mmt

People don't understand what money is. Some people gain advantage by tricking those people into thinking governments "borrow."

Government debt is simply a measure of how much money is circulating. Govts spend money into the economy, taxes take it out.

Taxes do not "fund" spending. Taxes are not "revenue." Taxes remove currency from circulation.

In the USA "paying off the national debt" would mean taxing $30 trillion out of the economy. How do you think that would work out?

#mmt

@economics-that-works

#economics #mmt #SteveKeen

Jun 6

15 min

https://youtu.be/Uwwd3c3Ur-k

@economics-that-works

#economics #mmt

Jun 28

11 min

Grousing about a profession that can't seem to recognize when moral sentiments are leaking into technical discussion.

But with matters of economy this is actually unavoidable, but it can be dealt with.

https://youtu.be/LNEB3RcUeUQ

#economics #mmt

Sep 9

Private usury and Inflation are a nasty mix. Please tell that to economists, because even the MMT people don't make much of either.

9 min

https://www.youtube.com/watch?v=PPtABgJdIfg