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jeroen blokland Jan 5
The Bank of Japan now holds 43.9% of all outstanding Japanese government ! Up from ‘just’ 8% in 2008.
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Phil Geiger Dec 31
This is a great explainer video from Bernie's "economic" advisor. TL:DW - money printing good (not exactly sure how much to print), nothing bad can happen because wealth is created by the State, everything is free It's moon fuel
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#MMT In Under A Minute Jan 17
Understanding how the different sectors of the economy work is to understand why the govt must usually run deficits for the non-govt sector to be in surplus and all totals sum to 0. Sectoral Balances provide valuable insights into the state of the economy. No theory.
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#MMT In Under A Minute Jan 18
economists helping African nations achieve monetary sovereignty. Spreading knowledge and understanding of today’s monetary system is what MMT economists do for developing countries to improve their standing along the monetary sovereign “spectrum”
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Thomas Wood 26m
American socialists: Macroeconomics! Keynes! Every single fucking person in China: Publicly owned central banking
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s⁷ is missing gem n lys 😭 ✰ Jan 11
‼️‼️SELLING 1 VIP TICKET FOR DAY6 IN LONDON TOMORROW!!!! ‼️‼️ includes early entry and hi-touch! can meet outside the venue tomorrow !!! DM for proof & more details ☺️
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Pavlina R Tcherneva Jan 9
Jamie Galbraith to debate Ken Rogoff on Modern Monetary Theory at the Gaidar Forum 2020, moderated by the Russian Minister for Economic Development Oreshkin: h/t
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Geoff Coventry Jan 11
“The good news appears to be that there is recognition that what matters is human outcomes and climate outcomes, not budgetary outcomes”
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Maal Maker Thiong Jan 9
Let me say this. Moving out from an expensive apartment to a cheaper one and down grading your car to a cheaper one is not a sign of being broke. It's financial restructuring and gaining your financial power back. Stop living to impress and get your life together. 🦁
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Stephanie Kelton Jan 1
Best thing about 2020 is that it’s a leap year, so we have an extra day to spread . 😉 📆
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#MMT In Under A Minute Jan 9
The currency or dollars circulating through the economy are simply tax credits. You can save some of your tax credits to pay your taxes and you can exchange them with providers of goods & services who also need them to pay their taxes.
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Arthur Panic 8h
The difference between the inflation that is on its way, and the QE inflation of 2009-2020, is that the newly printed money will make its way into the economy in the form of transactions. This will generate price increases, where the QE sat as bank reserves.
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David Brady Jan 10
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#MMT In Under A Minute Jan 18
Unemployment as a “public health issue”. A federally funded locally administered national program at a socially inclusive wage would allow currency issuing government to deliver non-inflationary ‘true’ full employment.
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#MMT In Under A Minute Jan 18
Part 2 of 4 - Change is not something to fear when there’s a national that provides the stability framework that’s necessary in a fair and just transition towards an ecologically sustainable future. It leaves no one behind by providing guaranteed income protection
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#MMT In Under A Minute Jan 15
The introduction of the Euro is a prime example of how a currency is issued first before it can be used to pay taxes second.
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Real Macro Economics 7h
Why aren't holding conferences and giving interviews to media all over Venezuela to tell people how deficits don't matter and how printing excessively is good for the people? Maybe because they would get laughed off stage? Unreal how guildble MMT supporters are.
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LaLegale Jan 11
's continued reference to the is the worst kind of of Australians! is correct.
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Babylonian Debt forgiver... 4h
Replying to @FlickReynolds
Fed taxes don't 'raise revenue'. They're a removal of spending-power/ability by the $-issuer to keep the demand on labour and resources in check. All this will achieve is to slow the rate of adoption, thereby slowing our emissions reduction, (by a lot!). They are wreckers...
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#MMT In Under A Minute Jan 18
Part 4 of 4 - Sound Finance could apply to a business, a corporation or a household but not to a central or federal currency issuing govt that’s responsible for protecting the environment and balancing the economy not just their ‘budget’. Functional Finance.
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