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Teoría Monetaria Moderna - Trabajo Garantizado - Pleno Empleo - Estabilidad de Precios https://teapawt.net/t.co/JToytJ7TBs

Un país PIIGS
Joined June 2011
Photo by Red MMT (@RedMMT)Photo by Red MMT (@RedMMT)Photo by Red MMT (@RedMMT)Photo by Red MMT (@RedMMT)Photo by Red MMT (@RedMMT)Photo by Red MMT (@RedMMT)Photo by Red MMT (@RedMMT)Photo by Red MMT (@RedMMT)Photo by Red MMT (@RedMMT)Photo by Red MMT (@RedMMT)
Red MMT retweeted
Private equity is a remarkable innovation. You buy a functioning company, load it with debt, sell its assets, fire half the staff, collect millions in fees, and when it collapses, explain how creative destruction makes capitalism so fucking efficient.
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Keep an eye on the credit structures that were built to fund AI infrastructure.
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FENÓMENO BARRIAL
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How about welfare for those with money?
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The Bond Market Didn’t Silence MMT. It Just Proved It Right. darrenquinn.substack.com/p/t… #mmt
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"Off balance sheet deficit spending"
❗️Medidas para reactivar el consumo y la actividad ❗️Intento de acercamiento del Gob a la industria ❗️Más negociaciones con EEUU por el Acuerdo comercial Algunos de los temas d mi columna en LA NACION - Ante la recesión, Caputo se anima a una herejía - lanacion.com.ar/economia/ant…
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Red MMT retweeted
Libertarians believe monopolies cannot survive in a free market, provided you ignore predatory pricing, exclusive contracts, control of distribution, massive capital requirements, buying out competitors, and every other economic reality that ruins their stupid fucking fairy tale.
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La imagen de Milei llegó a su punto pico crítico más alto: la negativa ya duplica la positiva. Datos del informe de octubre de @PulsoResearch
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TARGET2 balances are NOT German loans. Even Germany's public bank KfW explicitly says so. They reflect payments already settled, capital flows and ECB monetary policy. They even include payments for German cars bought by Italians — cars that have already been paid for. They are intra-Eurosystem claims and liabilities, eliminated in the Eurosystem's consolidated balance sheet. You're confusing accounting with economics. And propaganda with analysis. As usual.
There's a fantasy in Italy and Spain that Germany's TARGET2 claims aren't real. They're very real. They're subsidized loans from Germany that finance a standard of living in Italy and Spain that's artificially and unsustainably high. The AfD will end this. robinjbrooks.substack.com/p/…
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Red MMT retweeted
If only fish and sharks could intertemporally optimize their populations under rational expectations, we wouldn't need ecologists and their silly dynamic models. Unfortunately, neither species has figured out how to maximize discounted lifetime utility.
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Red MMT retweeted
Beneficios récord, millones de parados. Y todavía nos explican que el empleo depende de que las empresas ganen más. Kalecki señaló lo incómodo: el pleno empleo fortalece a los trabajadores y debilita la disciplina del despido. No es solo una cuestión económica. Es poder.
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Red MMT retweeted
1/25 🎬🍿 COMING SOON: NEOCLASSICAL CINEMA. No involuntary unemployment, no radical uncertainty, and every ending in equilibrium. Critics call it fiction. Economists call it a documentary. Can you guess them? 🧵
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Replying to @farmerrf
The answer is the currency itself is a public monopolist and unemployment evidences the monopolist restricting supply (of net financial assets). Aka, Keynes' lack of effective demand story. And to the classics point that ex monopoly there's no unemployment.
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Red MMT retweeted
The libertarian solution to child labour is to explain that children wouldn't be working in factories unless the market had determined it was their most productive use.
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Red MMT retweeted
📢 🇲🇽 UNAM l 4.º Ciclo de Conferencias "Desarrollo económico y análisis estructural" 🏭 Cambio ocupacional, transformación productiva, sostenibilidad y heterogeneidad estructural. 📅 12, 19 y 26 de noviembre 🕚 11:00 h (CDMX) | 💻 Online 🔗 depfe.unam.mx
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España gasta bastante menos en pensiones públicas que muchos países de su entorno. Tenemos margen para recuperar la edad de jubilación de los 65 años y subir las pensiones más bajas.
23% of GDP in #OECD and EU countries is spent on social protection, and the bill is set to rise. Find out how governments can build sustainable and effective social protection systems: brnw.ch/21x6Iks
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Los bancos llevan metiéndonos miedo con las pensiones públicas desde hace décadas, sólo para que las privaticen o para que corramos a contratarles a ellos pensiones privadas. Pero las únicas pensiones que quiebran son las privadas, no las públicas!
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MMT isn't saying governments should print money. It's saying they ALREADY do. That's just a fact.
Replying to @foscaecon
Tell you what blows my mind MMT Fanboys telling us that since we can print our currency goverments should do so to promote growth and investment without recognising that goverments cannot spend or direct resources efficiently.
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Red MMT retweeted
The Cato Institute is just the Mises Institute for libertarians who learned how to bullshit without drooling on themselves.
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