#LearnMMT

My own major twitter threads introducing basic #MMT concepts. (Image credit: @RealProgressUS)Disclaimer: I am *not* an expert.[THREAD v.2.1] #LearnMMT: What *is* money? What gives it value?https://twitter.com/MMTResources/status/1188962300981592069 #
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#LearnMMT 'Printing Money fuels inflation'Money Supply in China goes through the roof - X5 Since 2000.Money Supply in USA trebles since 1980... Inflation rate in China (Orange) & USA (Grey)
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A) If you don’t understand the present then you can’t possibly predict the future @GeorgeMonbiot and as long as you ignore Modern Monetary Theory you don’t understand the present. Whether
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#LearnMMT – is “Modern Monetary Theory” – ironic since its neither modern nor a theory. Local experts include @redgenkosi @BuddyWells1 Here’s my basic understanding: MMT is a lens through which
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ARCHIVE: Older threads I've written that are at least tangentially related to #MMT and economics. Please consider this particular thread more an archive than solid information. Canceling debt (student, medical,
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1/ Federal taxes don't fund federal spending.Federal spending funds federal taxes.[#LearnMMT thread v.1.1] 2/ Federal taxes don't fund federal spending.Federal spending funds federal taxes.It's not a cute statement. It's precisely
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1/ Taxing the rich is like audio compression.#LearnMMT [THREAD v.3]Here is about ten seconds of an interview where the interviewee is very soft and the interviewer is extremely loud in
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A little over four years ago I stumbled onto #MMT. It was (and still is) a lot to process, but fairly early on in my reading I was convinced of
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My own major twitter threads introducing basic #MMT concepts. (Image credit: @RealProgressUS)Disclaimer: These are layperson tutorials. Good introductions but not intended to be comprehensive or perfect.[THREAD v.2.2] What *is* money?
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1/ I DON’T WANT *MY* TAXES PAYING FOR *YOUR* HEALTHCARE.Yet our insurance premiums are pooled and actually do pay for the healthcare of others.Under #MedicareForAll, our taxes would (and could)
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Listen... Peeling back the veneer that blocks so much of our collective cognition on the creation of dollars... The fact that monetarily sovereign nations that create their own unit of
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Some basics.The US Dollar is a tax credit.It is a unit of measure.You can't run out of inchesYou can't run out of numbersThe government can't run out of dollars... unless
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***A Story To Introduce Modern Monetary Theory to kids.***[#LearnMMT thread v.2](This was inspired by a kid I met who told me he got in trouble for stealing hundreds of dollars
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1/ When it comes to issuing currency the Federal Reserve is clearly a creature of Congress. They can inflict a lot of damage bc Congress allows them to do too
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