Raw, Insightful, Authentic Econ. Like, followp, subscribe if you want to trade with #MarketReality not fantasy! #FinancialEducation #Investing #RiskManagement
Philadelphia, PA
Joined November 2011
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@realmacroecon🇺🇦🇪🇺 retweeted
A "Currency Issuer" is not a "Money Issuer!" Therfore it cannot fund schitt!
Tax and borrow other peoples money can only FUND UBI
Then you will be crying about affordability problems!
MMTers are 🤡
You have to love #MMT ers
First they tell you "Deficits wee a Myth" then they tell you we have an affordability problem! 😂
You can't make this schitt up! They will just say whatever whenever with no regard to their credibility! Fuck it!
🎪🤡
The #MMT crazy house thinks Gov pays its debts with cash, coins, and paper notes. 😂
MMTers are like people who think they’re Napoleon—and then expect a rational conversation about which cavalry tactics to use in today’s battles.🤦♂️
#MMT er baffled how to define Value and Wealth.
This is common among MMTers. MMT has no wealth-creation mechanism. As such it is like a blind person asking you to point the way he needs to go and getting mad at you for not doing it. Even though you are pointing west.
🤡
SIGH! #MMT 🎪
It is illegal, mathimatically, and mechanically impossible for Gov to "print money"
Gov can only tax and "print Bonds" to borrow & fund TGA prior to spending.
Lastly, MMT does say "print money" to "Pay for it"
🤡👇
No such thing as "monetarily sovereign." Even their Cult leader, Mosler, tells them that. It's a completely made-up term by MMTers
Gov is the "Sovereign DESIGNATOR" of the unit of account for its payment system. No different than designating inches or cm as a unit of measure.
I'll leave this here to show once again how ridiculous #MMT ers are. They have no concept of wealth creation, monetary payment systems, or economics.
They are worse than MAGAs are, if that is even possible,
In my previous post #MMT er showed he did not know what VALUE means & asked for a definition.
In this post, an MMTer doesn't know what goods & services mean and is asking for a description.
Remember, MMTers claim to be "monetary experts" bc they saw a video on YouTube! 😂
@realmacroecon🇺🇦🇪🇺 retweeted
#MMT is neo-Soviet political economics repackaged through cognitive linguistics—using carefully crafted language to convince unsuspecting people that government can deliver something for nothing, while obscuring the real economic costs.
As if they care about the poor.
@realmacroecon🇺🇦🇪🇺 retweeted
#MMT er
The state "funds you"
The state doesn't need your taxes
The State is the monopolist price setter
The state provides a job guarantee
The state provides health care
The state can burn down your hut
The state provides housing
There is no such thing as a free Market
#MMT has no wealth creation mechanism. As you can see in the post, the poor MMTer doesn't even know how to define value. It's something magical to him that simply appears.
Unbelievable!
People get conned when they want something for nothing. MMT is a perfect example.
One day #MMT says the Gov sets prices, controls rates, and spends first to fund you.
Next day: ZIRP!
If Gov dictates the price, why is the market demanding more to carry its debt?
#MMT is voodoo economics designed to con people into Soviet Economics.
How the UK fights inflation: Interest rate rises kill businesses; people are laid off. A Job Guarantee buffer stock anchors prices without destroying demand or peoples' lives.
#MMT #Economics #UKEconomy
mmtuk.org/education/briefing…
@realmacroecon🇺🇦🇪🇺 retweeted
“How much time do you think this defense secretary spends looking in the mirror in the morning? These are not serious people” — Obama’s audience in Ohio is hanging on every word as he skewers Trump and Hegseth
@realmacroecon🇺🇦🇪🇺 retweeted
To fund gov. And pay interest on the debt.
#MMT has bo concept how a currency payment system works.
@realmacroecon🇺🇦🇪🇺 retweeted
The MMT people are very touchy, but cannot refute the truth about their nonsense
Their theory did not predict the constraint. They have no theory of when deficit spending will cause inflation just a hand wavy, “We’ll deal with it with fiscal policy later”, beyond the fact that it’s politically impractical it regularly leaves them with the “supply side excuse” to do nothing. Moreover it’s central to MMT to not have monetary policy (permanent zero rates) so the solution is to reduce inflation through regulation (price controls, credit controls etc). You can’t have inflation if you don’t have market prices. It is a backdoor to a loss of economic freedoms and Soviet economics