Dumb and dumber. 🥲

Xestis ?whispers? #LearnMMT (#ModernMoneyTheory): DEU: youtube.com/playlist?list=… ENG: youtu.be/IHxloLkMXeU [7 min.] #MMT #ModernMonetaryTheory #Geldschöpfung #MonetäreModernisierung #Monetative #MoneyCreation #ModernMoneyMemeWeek

"The beast of deficit reduction is never sated"

Deja vu all over again...

“The beast of deficit reduction is never sated”

"It's irresponsible lending and sub-prime mortgage time again, folks"

"there are still people who don't understand monetary operations"

"The United States does not borrow in order to have funds to pay its obligations. It pays its obligations by check (or electronic transfer) as specified by law"

"Their so called National Debt (from deficit spending) = increased Private Surplus"

I used to believe in neuroplasticity, now I've changed my mind...

"its that your economic model is wrong if you think the govt printing money is the main driver of inflation, clearly its not"

"so we can get busy dealing with the deficits that actually matter"

"The current Labour Government is dangerous in a variety of ways"

"how the monetary system works and how governments can use that understanding to manage the economy"

"The cost was effort. The £numbers are just accounting"

Thread.

"The greatest threat to conventional thinking isn’t the logic of alternatives, it is the understanding that conventional thinking is irrelevant" J K Galbraith

"They then have to put up prices to cover their costs… it’s a spiral"

"so what do you do"