Shrinking forests, failing rivers, leaking houses. Policies to fix them get cancelled because of "money". Wrong frame. Britain issues the pound. The constraint is trees, workers, insulation, and time. Money is the tool.
@mmt-action.bsky.social
@mmt-action.bsky.socialShrinking forests, failing rivers, leaking houses. Policies to fix them get cancelled because of "money". Wrong frame. Britain issues the pound. The constraint is trees, workers, insulation, and time. Money is the tool.
@mmt-action.bsky.social@mmt-action.bsky.social(1/5) Stop pretending full employment and price stability are enemies. A Job Guarantee makes them work together: public employment at a living wage anchors the wage floor and absorbs the labour buffer. Both outcomes, same policy.
@mmt-action.bsky.socialThe household-budget analogy is wrong. The government is a currency issuer; you are a currency user. A household must earn income before it spends. A government creates money when it spends & destroys it when it taxes. The real constraint is real resources, not the budget deficit.
@mmt-action.bsky.socialArgument Builder is live. Evidence-based rebuttals for the "how will you pay for it" crowd. But if you want the full picture, watch Finding the Money this weekend. Free. Start now.
@mmt-action.bsky.socialThe state can't afford heating. The state can't afford food support. The state can't afford disability payments. That's the claim. It's wrong. The UK government issues the pound. It can fund these things. The real constraint is resources; fuel, food, care capacity; not money.
@mmt-action.bsky.socialYou've got a killer MMT objection. Can the bot handle it? Run your best anti-MMT argument through the Challenge and score yourself against the system. Nobody's beaten it yet.
@mmt-action.bsky.social@mmt-action.bsky.social@mmt-action.bsky.socialBond markets don't set sterling rates.
This week the room unpicked the myths that clutter green economics.
Come and join us.
@mmt-action.bsky.socialThe loanable-funds theory says banks lend out deposits that already exist. False. Banks create new deposits when they lend, constrained by regulation and credit risk, not by a fixed pool of savings. Investment doesn't wait for savings to appear first.
@mmt-action.bsky.socialClimate sceptics say "technology won't save us"; true. But then? Edgerton's unglamorous fixes (insulation, transit, smaller cars) are *proven*. The real gap in his argument: how do you fund them? Without a theory of public finance, scepticism collapses into paralysis.
@mmt-action.bsky.socialGovernments don't search for money in some vault. They create it. Watch Finding the Money this weekend and see how the money actually works. Free to watch right now.
@mmt-action.bsky.socialThe objection is always 'where's the money for climate?' The real question is whether we have the forests, engineers, supply chains and materials to fix it. A currency issuer can always fund the work. Real resources are the limit.
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@onlyparam.bsky.social@onlyparam.bsky.social@mmt-action.bsky.socialSomeone says "how will you pay for it?" You have policy papers, you have economics, but you need the rebuttal. Argument Builder gives you the evidence-backed responses that stick. Stop defending MMT. Start winning the room.
@mmt-action.bsky.social"We can't afford it" is killing Britain's forests and rivers. Wrong question. The issuer of pounds has no spending constraint. The real limit is labour, materials, and engineering capacity.
@mmt-action.bsky.social