@realprogressives.bsky.socialWhy is class analysis so important when discussing MMT and sectoral balances? Join us Tues. 9/22 @ 8 pm ET for Macro n Chill to listen to and discuss our latest Macro N Cheese ep. ft. Jim Byrne, @learnmmt101.bsky.social
Register: us06web.zoom.us/meeting/regi...
#LearnMMT #ClassWar #PrivateDebt
@realprogressives.bsky.socialThe 2008 crash wasn't a surprise to everyone. It was predicted by people using accounting identities instead of fairy tales about market equilibrium. #LearnMMT #MacroNCheese
@mmtmarxist.bsky.socialMMT’s sectoral balances show why the #Clinton budget surplus led to the 2008 recession. If the fed gov’t stops spending more than it taxes, money dries up in the economy. It's always the working class already in debt who suffer, while the wealthy buy up depressed assets. #austerity #LearnMMT
@realprogressives.bsky.social@realprogressives.bsky.socialLearnmmt101.bsky.social shows how Modern Monetary Theory's sectoral balances framework predicted the 2008 #FinancialCrisis #austerity #LearnMMT
New Macro N Cheese ep Sat 9/19 @ 8 am ET. Find all our eps: realprogressives.org/macro-n-cheese/
@duncanpoundcake.bsky.social
@iaindooley.comCentral bank interest rates everywhere should be zero. If monetary policy didn't set it, there would be negligible interest paid on overnight loans. Governments don't need to issue bonds, it's based on an anachronistic understanding of money #LearnMMT #ZIRPForever #EconSky findingmoneyfilm.com
@realprogressives.bsky.socialRecession By Design: Who Pays for the Business Cycle? ft.
@cowboyeconomist.bsky.social. Join us for the YouTube premiere tonight @ 7 pm ET!
@ht4ecosocialism.bsky.social
@faithslayer202.bsky.social"Many socialists have misapplied his #labortheoryofvalue by conflating #money with #commodity exchange, ignoring the modern reality of state-created #fiatcurrency. This theoretical confusion has paralyzed revolutionary potential." #classstruggle #learnMMT
@realprogressives.bsky.socialHow are unemployment, inequality, oligarchy, and recurring crises outcomes generated by capitalism? Join us Tues. 9/15 @ 8 pm ET for Macro n Chill to listen to and discuss our latest Macro N Cheese ep. ft. John Harvey!
Register: us06web.zoom.us/meeting/regi...
@realprogressives.bsky.socialThe idea that a depression-ravaged population had to lend money to the govt so we could build tanks is absurd. The govt created the money, built the factories & mobilized real resources.
@barrysteeleau.bsky.socialAgain MMT describes accurately, how currency is created and destroyed in any fiat currency economy
Eg Australia's national financing is described by MMT
Here's a longer version from Steven Hail
@realprogressives.bsky.socialYour economic textbook assumes full employment happens automatically. That's not science, that’s ideology protecting power.
@faithslayer202.bsky.social
@annemaxwell.bsky.socialYour treasury cannot run out of dollars to pay a decent retirement to everyone. The issue is always the resources, which includes a habitable planet…. #learnmmt
@ht4ecosocialism.bsky.socialThe government doesn't need to borrow. It can create as much money as it needs. #LearnMMT