-How Does Gov't Fund Itself And Create $s
-How is Money Created And Who Creates it?
-How is Money Destroyed?
-Is Money Debt?
-Does The Gov't Print $s and Spend?
-Can Gov't Issue A Currency And Spend?
Videos Here
www.patreon.com/collection/3...
You work 1 hour.
You get paid $25.
You didn’t give dollars.
You gave time + skill.
What you got back was a claim on someone else’s time later.
If dollars were money, printing them would create labor.
It doesn’t.
Money is stored human effort.
Currency is the label.
You work 1 hour.
You get paid $25.
You didn’t give dollars.
You gave time + skill.
What you got back was a claim on someone else’s time later.
If dollars were money, printing them would create labor.
It doesn’t.
Money is stored human effort.
Currency is the label.
One infographic wipes out 3 silly economic political theories all at once.
👇
One infographic wipes out 3 silly economic political theories all at once.
👇
Remember, purchasing power lost to inflation will never be regained.
MMT knows that but don't care.
Remember, purchasing power lost to inflation will never be regained.
MMT knows that but don't care.
Redefined as: Government can hire everyone:
11. Full Employment
Reality:
Employment requires productive demand, not just payrolls.
👉 Digging holes isn’t prosperity.
Redefined as: Government can hire everyone:
11. Full Employment
Reality:
Employment requires productive demand, not just payrolls.
👉 Digging holes isn’t prosperity.
#Austrians and their “#Economist” crowd are about to collide with the real-world consequences of the bullschit they’ve been selling to people for decades.
#FAFO
#Austrians and their “#Economist” crowd are about to collide with the real-world consequences of the bullschit they’ve been selling to people for decades.
#FAFO
$0 -$100 =+$100
Could you imagine a teacher teaching this to your toddler? 😱
MMT is a political cult. No amount of Evidence can change their minds.
$0 -$100 =+$100
Could you imagine a teacher teaching this to your toddler? 😱
MMT is a political cult. No amount of Evidence can change their minds.
-Rates do not cause inflation
-Markets set rates when confidence breaks
-Political control of money ends in collapse
Markets respond with inflation, not theory.
-Rates do not cause inflation
-Markets set rates when confidence breaks
-Political control of money ends in collapse
Markets respond with inflation, not theory.
Redefined as: Always controllable via taxes later
Reality:
Inflation is irreversible purchasing-power loss.
👉 You don’t un-burn calories after the meal.
Redefined as: Always controllable via taxes later
Reality:
Inflation is irreversible purchasing-power loss.
👉 You don’t un-burn calories after the meal.
9. Constraints
Redefined as: Political choices, not real limits
Reality:
Constraints are binding before spending:
Law (appropriations, debt ceiling)
Institutions (TGA pre-funding)
Markets (bond, FX confidence)
👉 MMT assumes discipline after damage.
9. Constraints
Redefined as: Political choices, not real limits
Reality:
Constraints are binding before spending:
Law (appropriations, debt ceiling)
Institutions (TGA pre-funding)
Markets (bond, FX confidence)
👉 MMT assumes discipline after damage.
8. Savings
Redefined as: Government deficits
Reality:
Savings come from earned income and retained profits, not from Congress spending first.
👉 MMT flips cause and effect. By that logic #Venezuelan's wre stuffed with Savings. 😂👌
8. Savings
Redefined as: Government deficits
Reality:
Savings come from earned income and retained profits, not from Congress spending first.
👉 MMT flips cause and effect. By that logic #Venezuelan's wre stuffed with Savings. 😂👌
7. Borrowing
Redefined as: Optional, ceremonial, or rate-maintenance
Reality:
Borrowing is legally mandatory to fund spending beyond taxes.
👉 Calling it “optional” doesn’t change statutes.
7. Borrowing
Redefined as: Optional, ceremonial, or rate-maintenance
Reality:
Borrowing is legally mandatory to fund spending beyond taxes.
👉 Calling it “optional” doesn’t change statutes.
6. Debt
Redefined as: Harmless accounting entries
Reality:
Debt is a binding legal obligation with interest, rollover risk, and political constraints.
👉 MMT treats debt like a spreadsheet cell, not a contract.
6. Debt
Redefined as: Harmless accounting entries
Reality:
Debt is a binding legal obligation with interest, rollover risk, and political constraints.
👉 MMT treats debt like a spreadsheet cell, not a contract.
What a real model needs:
-Productivity gains
-Capital formation
-Innovation & risk
-Profit and loss
-Incentives & discipline
MMT?
-Gov spending Accounting labels (“net financial assets”)
-Job Guarantee
Replacing private sector with Gov🤦♂️
What a real model needs:
-Productivity gains
-Capital formation
-Innovation & risk
-Profit and loss
-Incentives & discipline
MMT?
-Gov spending Accounting labels (“net financial assets”)
-Job Guarantee
Replacing private sector with Gov🤦♂️