Read on Twitter
My own major twitter threads introducing basic #MMT concepts. (Image credit: @RealProgressUS)
Disclaimer: I am *not* an expert.
[THREAD v.2.1]
![My own major twitter threads introducing basic #MMT concepts. (Image credit: @RealProgressUS)Disclaimer: I am *not* an expert.[THREAD v.2.1]](https://pbs.twimg.com/media/EIXhBZtWoAE_a_a.jpg "My own major twitter threads introducing basic #MMT concepts. (Image credit: @RealProgressUS)Disclaimer: I am *not* an expert.[THREAD v.2.1]")
Disclaimer: I am *not* an expert.
[THREAD v.2.1]
#LearnMMT: What *is* money? What gives it value? https://twitter.com/MMTResources/status/1188962300981592069">https://twitter.com/MMTResour...
#LearnMMT: Where does money come from? Who actually creates it? Who authorizes it to be created? https://twitter.com/MMTResources/status/1188963458890506245">https://twitter.com/MMTResour...
#LearnMMT: The mechanics of *how* the federal government creates money (or more accurately, currency) and how it moves through the economy. This is done by a process called reserve accounting. https://twitter.com/MMTResources/status/1188960407345684481">https://twitter.com/MMTResour...
#LearnMMT: Federal taxes don& #39;t fund federal spending. Federal spending funds federal taxes. https://twitter.com/MMTResources/status/1190683307270397955">https://twitter.com/MMTResour...
#LearnMMT: Since federal taxes don& #39;t pay for anything, then why do we pay federal taxes? https://twitter.com/MMTResources/status/1188988696256765953">https://twitter.com/MMTResour...
#LearnMMT: Bank created money (credit) versus Congress created money (currency, or high powered money, or HPM) https://twitter.com/MMTResources/status/1188965063304110081">https://twitter.com/MMTResour...
#LearnMMT: We must tax the rich, but we can& #39;t "get" their money. https://twitter.com/MMTResources/status/1189001006081806338">https://twitter.com/MMTResour...
#LearnMMT: What is the federal deficit, *really*? https://twitter.com/MMTResources/status/1189002612881932288">https://twitter.com/MMTResour...
#LearnMMT: It is critical to understand the sequence of how the currency issuer creates its money (actually called "currency"). https://twitter.com/MMTResources/status/1188966866514935808">https://twitter.com/MMTResour...
#LearnMMT: Inflation the Boogeyman versus inflation in reality. https://twitter.com/MMTResources/status/1188950819326091264">https://twitter.com/MMTResour...
#LearnMMT: #MMT says that monetarily sovereign governments *do* create money to spend and *therefore* should use that power for public purpose – specifically, until full employment is reached. The ordering of this logic is critical. https://twitter.com/MMTResources/status/1188966866514935808">https://twitter.com/MMTResour...
#LearnMMT: Created currency. https://twitter.com/MMTResources/status/1189005602577670145">https://twitter.com/MMTResour...
#LearnMMT: When it comes to federal programs, only resources matter, not money. To even say "our fed gov& #39;t has plenty of money to give people healthcare," isn& #39;t just nonsensical, it is specifically designed to sabotage our efforts to actually get it. Ever. https://twitter.com/MMTResources/status/1189008845563219968">https://twitter.com/MMTResour...
#LearnMMT: You and I are limited by money. The federal government (of economies such as the United States, U.K., Canada, Australia, and Japan) is limited by resources. https://twitter.com/MMTResources/status/1189265317056450561?s=20">https://twitter.com/MMTResour...
Many reasons why the false idea that federal taxes pay for stuff is really, really bad. https://twitter.com/MMTResources/status/1190609729669812225">https://twitter.com/MMTResour...
We must tax the rich, but it is **not possible** to use their money to "pay for" federal programs. https://twitter.com/MMTResources/status/1189001006081806338">https://twitter.com/MMTResour...
A debt to the federal government, the sovereign issuer of the currency, is simply nothing like a debt is to you and me (as users of the currency). We can be *forced* to financially default. The issuer can’t. https://twitter.com/MMTResources/status/1228104657320411138">https://twitter.com/MMTResour...
Does the United States ever need to borrow the United States dollar? No. https://twitter.com/mmtresources/status/1247414289360719872?s=21">https://twitter.com/mmtresour...
Raising the minimum wage in a vacuum is not enough, because the problem of “wages are not high enough” is only a small part of the problem. https://twitter.com/ActivistMMT/status/1249570522452688896?s=20">https://twitter.com/ActivistM...
How the central government in the US really, *really* spends into the economy. https://twitter.com/MMTResources/status/1253341681342050312?s=20">https://twitter.com/MMTResour...
To #LearnMMT in general, here is a good place to start. https://twitter.com/MMTResources/status/1188935401827901440">https://twitter.com/MMTResour...
