MMTers: MMT is just science, just accounting

Also MMTers: we can't differentiate between economic growth and increase in usage of commodities, i.e. increased *value* vs increased *mass* therefore we prescribe regrowth policies.

How did the world become rich?

Deirdre Nansen McCloskey says it was ideas.

'In particular, the master idea of liberalism: the idea that we should be adults, free adults. That no one should be a slave.'

Japan has gone from favorite #MMT talking point to #MMT nightmare. You can obviously use your central bank to cap yields. Anyone can do that, including EMs. But that leads to very big debasement of your currency. The Yen is down more than Turkish Lira in real terms since 2019...

Monetary Wonk John Biesterfeldt Arthur Eckart QE4 Countdown #MMT Sandra Douglas Stewart C Button Mike Houston Mr B (Those who know, know) David Richardson Investing in America’s Future. Scot Republican in the Colony Davidthechef Professor John Hearn wilson logan Thomas Sirianni Henric Contini Alan Luchetti Ellis Greenwood Per Kurowski Simon O'Neill kevin Tart 🔆 Philip Armstrong 💙 Parkers Plastering RedBordeaux G. Snedeker ANGTraders Paul Scholes David McNab @[email protected] Go Wash Your Brains #MMT Tim Worstall Eric Z half-man half-cado It's Just Numbers Helgy The Pickled Blog Naomi Langford-Wood Stefan Demetz The Cable £/$ Guy (((Robin Levett))) TrevchenkoThe3rd Nancy Chris, the ambassador for Wokeland... Great SATisfaction tomS Harris Samaras Dilip Shah Daniel Anderberg Илья Шумилов ☭ Shayṭān is truth #MMT are a dead horse ,a one trick pony as Henric Contini says .

Keith Weiner If MMT wasn't a thing, 99% of the accounts advocating for MMT would just be advocating Marxism. Most do,

Marc Goldwein The first rule of MMT is telling people they don’t understand MMT

The world is improving – not just for the rich, but also especially for the world’s poor.

Read my peer-reviewed article:

sciencedirect.com/science/articl…

There was a 41% increase in the US Money Supply (M2) from March 2020 to March 2022.

This is the primary driver of inflation.

Not supply chain issues.

Not corporate profits.

Money printing, which devalued the US Dollar.

Of the 8 companies depicted in the original Blade Runner movie (1982), 5 had disappeared, been broken up, or been bought by other firms by the time the sequel came out (2017).

Corporations are less powerful than you think—good news for customers!
humanprogress.org/corporations-a…

MMT for Progressives I've tried, but MMTers ignore it. I can try again if you like.

The private sector effectively has equity in government, which is a financial asset. When the government(/CB) creates money PS's holdings of money⬆️, but PS's equity asset⬇️. So PS's NFAs don't increase.

Daniel Lacalle Mises Institute Yeah, MMT is complete quackery. Love these anecdotes from Greg Mankiew at Harvard

Dylan Murphy Tyrone Braithwaite Tony Weston Perhaps some people at the top realise it's phoney, but they've convinced an army of sincere MMT-evangelists that there is such a thing as a free lunch, and therefore that anyone who opposes it is an enemy of the people.

No response from the MMT brigade to the previous 3 big mistakes they make. This mistake is a slight tangent as it is some of the MMT big hitters who champion this policy. There is a much better solution to unemployment, low pay & poverty.

jbhearn.wordpress.com/2019/07/27/mmt…

Pontus Rendahl David Andolfatto Sam Levey My reading is this: MMT says that government-issued debt is valuable assets for the private sector, but imposes essentially no obligations on government.

It fails the 'One Lesson' test (see link from my profile. 20 minute read for pinned post).

I think pandemic money creation and inflation have ended the MMT bandwagon.

When more money chases the same amount of houses and goods guess what happens?

House and consumer inflation.

Even the MMTers knew blaming Putin for causing inflation was bollocks.

MMT = Dead.

MMT followers have asked for a response to their challenge to economic theory.
So far no response to mistakes they make regarding inflation, & the quantity of money. Here is mistake No 3 which is their misunderstanding over the rate of interest
jbhearn.wordpress.com/2019/07/15/mmt…

Pontus Rendahl David Andolfatto Umm, I’ve kinda given up fighting them. Typically ends with “you don’t know MMT” no matter what we are debating. But a good person to debate with is Sam Levey. He’s level headed and makes clear arguments (even if we don’t always agree).

Alan Luchetti Go Wash Your Brains #MMT TIM GOLDFINCH half-man half-cado wilson logan kevin Tart 🔆 Professor John Hearn Eric Z David Richardson Mike Houston Investing in America’s Future. Davidthechef Scot Republican in the Colony It's Just Numbers RedBordeaux Helgy Per Kurowski Bemused Thomas Sirianni Henric Contini G. Snedeker The Pickled Blog Naomi Langford-Wood Stewart C Button Simon O'Neill Stefan Demetz The Cable £/$ Guy Parkers Plastering (((Robin Levett))) Ellis Greenwood TrevchenkoThe3rd Nancy Chris, the ambassador for Wokeland... Great SATisfaction tomS Harris Samaras Dilip Shah Daniel Anderberg QE4 Countdown #MMT Илья Шумилов ☭ Shayṭān is truth Naz Kim Driver Trevchenko David Number Six Dr. Steve Keen Anyway, you're paying for government spending and debt one way or another, e.g. through taxes, inflation, higher interest rates, slower growth, etc.. It's not magic money.

twitter.com/goldseek/statu…

Issuer of the currency didn't help when there was a shortage of groceries. I guess it will be different when the shortage is structural steel.
MMT requires a healthy economic host which it can destroy; it can only be grafted onto a productive economy.
twitter.com/StephanieKelto…

Mises Institute Gardner Goldsmith Per Bylund Well deserved! Takes MMT cranks on directly in their claims, and shows how baseless those claims are.

The response? NOTHING!