Modern Monetary Theory has a way - it's called the Job Guarantee.
@ht4ecosocialism.bsky.social
@ht4ecosocialism.bsky.socialModern Monetary Theory has a way - it's called the Job Guarantee.
@barrysteeleau.bsky.socialAnytime that uses the phrase "taxpayers money", "spending tax dollars" is either maliciously ignorant or still believes in NIARU, The Invisible Hand, The Tide that lifts all boats, Santa Claus, Easter Bunny, Leprechauns, Fairies in the Garden
Stop lying, please
@ht4ecosocialism.bsky.socialIf you want to know more read this book.
@ht4ecosocialism.bsky.socialThe British government creates all of its own money which it can then spend. It does not need to issue bonds or borrow.
@barrysteeleau.bsky.socialWe have a fiat currency, the federal government can "afford" this
It's simply a policy matter
There are zero financial constraints on spending new money into existence
There are only real resource constraints - labour, natural resources, infrastructure
This is a spurious article
@realprogressives.bsky.socialThe National Debt is a Trick To Make The Rich RICHER & Keep YOU Poor! ft. @Steven D Grumbine on The Jimmy Dore Show. Check it out on Rumble. #learnMMT #NationalDebt #ClassWar
@toak.bsky.socialOk, so we should seize Trump Ill-begotten gains, but “to pay down the National Debt” is absurd because a currency issuing govt REQUIRES being in “deficit” as that’s simply $$ invested in our country. The Fed govt is not a household. I beg you.. #LearnMMT
@ht4ecosocialism.bsky.socialYeah but the UK doedn't need to borrow any money. It. can create as much as it needs.
@realprogressives.bsky.socialThe National Debt & the $40 Trillion Nothingburger ft. @jaybefaunt.bsky.social. Join us for the YouTube premiere of our latest Macro N Cheese episode tonight @ 7 pm ET!
@ht4ecosocialism.bsky.social#Neoliberal BS. None of this needs to be funded through taxes. Green transition can be funded by the government. #LearnMMT!
"£ Billions worth of green levies could be taken off bills, the energy secretary has said, as the government investigates funding green infrastructure through taxes instead"
@ht4ecosocialism.bsky.socialTypical modern journalism'. The money can come from the government. No need to borrow. I'm tired of this shit 😫
@ht4ecosocialism.bsky.socialThe needs to be read and shared:
A sovereign government with its own currency can create as much money as it needs. Taxes DO NOT PAY for government spending. Governments SPEND THEN TAX. Taxes simply cancel out the money spent.
There is PLENTY of money!
@magsd72.bsky.socialIt SHOULD have happened over 10 years ago. It will no doubt be too little, too late & #LearnMMT
@ht4ecosocialism.bsky.socialWill he be taxing the super rich? 🤔
Ps. taxes don't pay for government spending - #LearnMMT
@realprogressives.bsky.socialHow does the capitalist class use the national debt as an ideological weapon vs the working class? Join us Tues 9/29 @ 8pm ET for Macro n Chill to listen to & discuss our latest Macro N Cheese ep ft @jaybefaunt.bsky.social
Register: us06web.zoom.us/meeting/regi...
@ht4ecosocialism.bsky.socialListened to a bit of #AnyAnswers on R4. It’s clear that millions of people still believe “there’s no money” bollox being spouted constantly by governments and the media. There is plenty of money.
@realprogressives.bsky.social"Stephanie Kelton points out that there have been just seven periods since 1776 when the US federal government achieved fiscal balance or ran surpluses.
Six of those periods were associated with or followed by depressions."
@duncanpoundcake.bsky.social