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Europe's new debt problem child: #France’s 10y yields surpass #Spain’s for 1st time since 2007.

Argentina. Blaming Milei for the poverty inherited from socialism. Fascinating. The same people who said that poverty was inadequately calculated and inflation had multiple causes when Kirchnerist socialists ruled, blame Milei for the poverty rate in the first semester of 2024

Spot on Tim Worstall adamsmith.org/blog/those-laf… as I pointed out here timgoldfinch.wordpress.com/2022/10/25/tax… Professor John Hearn Douglas McWilliams Stephen Herring 🇬🇧🇺🇦🇮🇱 Liz Truss John Stepek UxbEconomist 🇬🇧🏴󠁧󠁢󠁥󠁮󠁧󠁿🇮🇱 AccountantUK #FreeSpeech 🇬🇧🇮🇱 Andrew Gibson Mike Houston

That’s what capital is in economics, not government handouts.

FED PANICS TO BAIL OUT SOARING GOVERNMENT DEBT youtu.be/gjZsQk1kRv0?si… via YouTube

Slavoj Zyzzek Clint Ballinger Printing money defers the damage and gives those who do it a chance to blames others. I am sure you know of the cost push inflation myth and have probably been taken in yourself.

I sent this to #MMT #MoralMoneyTime who was challenging people to correct MMT and he blocked me rather than accepting the challenge he had set out. I wonder why.

I can help him guess 😎, pinpoint tweet

Interventionism, usually kindly referred to as the unintended pitfalls of government intervention.

Never found a more simpler phrase than this, that taxes have become an intentional incentive to demand a given currency. Relearning backward 😎

Agenda red card, not football red card #MUFC PGMOL

Relearning Economics More populist rubbish from MMT.

Hello Manchester United Didn’t I say it?

Relearning Economics It is definitely not. Government has just said how they want taxes settled. It is just a component of the transactions demand for money. Nothing else.

I have written articles and given lectures on why MMT are wrong and no MMTer has ever picked up one of my criticisms and explained why they think I am wrong. I wonder why !

Embarrassing! A 2.5% contribution to GDP reflects the diminutive economic activity in that area, without a theft motive, not a normal state would allocate money to construct a stadium there.

Reminder: Increased government spending equals more taxes or more borrowing.

🇺🇬Finest Atesot 💞 It is regardless of where or what they are spending on, all government expenditure is financed by taxes - current taxes or future taxes (for interest payments).

Accurate.

Regardless of where or what they are spending on, all government expenditure is financed by taxes - current taxes or future taxes (for interest payments).