No one said anything about "printing money" at all. No one said "printing infinite £". Please see below handy ways not to make yourself look a complete tit when criticising MMT.

A lot of Labour MPs today, releasing economically illiterate nonsense. For a start, the Government set the rate - not the markets. Everything else is a policy choice.

On Dec 9th, we will have an online event with Ilona Otto (Ilona M. Otto) and Steve Keen (Dr. Steve Keen). They will discuss - 'tinkering our way through social collapse.' 6pm London time, and streamed here and on our youtube channel. davidgraeber.institute/ilona-otto-and…

If I see this f****ing bullshit video one more time I'll explode! McKee hasn't a clue how govt finances work, disgraceful disnformation being punted here because the establishment are desperate to prevent Zack Polanski revealing the truth: govt finances are not like a household!

It feels like a new dawn

"No point being afraid of something so mundane"

Mamdani could bring in a bazillion good people to his administration and it literally still would not budge the needle. You CAN NOT vote away oligarchy nor capitalism. You simply find a manager of administration for capital. This arrangement isn't some odd or irrational claim, it

How can anyone look at 4.8% unemployment (& rampant underemployment) & with any seriousness proclaim there is no spare productive capacity in the UK for expansionary fiscal policy? While we have bottlenecks in housing/transport/energy. You don’t deal w those by balancing budgets

MMT - the lens that demonstrates absolutely: • The rich receive government-granted benefits every year. • The poor are kept in unemployment by policy choices. • Inequality isn’t inevitable — it’s designed. No surprise the beneficiaries don’t want you to understand MMT.

Polar bear Michael Chessum All govt spending is money creation. It’s the only way a fiat currency issuer can spend. Taxes that it receives just reduce the deficit the original spending created. Not rocket science, just accounting! 1/2

Polar bear Michael Chessum The quantity theory of money has been roundly debunked since Friedman’s time. You can’t just increase the money supply, prices don’t automatically rise.

"So, they ask, ‘why is the government saying there is a black hole in the finances, when you are telling me that they issue the UK pound and can never run out?’"

MMT just explains how the monetary system works through laws and operations of how things are done. This is what propaganda looks like. You’re not suppose to understand how money works. Just be enslaved by it. Good serf..

The OBR really need to adjust their multipliers

#CommonGround

Joe Guinan MMTers do discuss the political costs of the bond markets. As indeed these were evident during the Truss debacle. They r a nuisance rather than an obstacle. & Imv it is dangerous not to highlight that whatever structures expose us to BM volatlity, a) these are no more damaging

"Inflation set in in the seventies because of the oil shock not because of Keynsianism’s failures and we had a large manufacturing base destroyed by Thatcherism"

I get that it’s disorienting to suddenly be told not to fear things you’ve been taught to fear your whole life. My first reaction to MMT was dismissal too. Only years later did it make me realise that much of the cruelty we’re told to accept is gratuitous & rests on a single lie.

Free markets don’t exist. All markets are regulated through laws and policies. All trade lanes are protected by war machines. People are sheep. This is how propaganda works..

He clearly doesn’t understand what a country’s unit of account is. Or that the Gov of the country is the authority that regulates and creates its.. it’s like money just appears out of no where like magic…