Happy Bear!

🔹️#Venezuela 🔹️#Argentina 🔹️#Zimbabwe 🔹️#Labanon 🔹️#Turkey 🔹️#Russia 🔹️#Weimar Republic 🔹️#Indonesia #ALLMMTED TO #HYPERINFLATION ALONG WITH MORE THEN 100 OTHER CURRENCIES IN THR LAST 60 YEARS #UNLEARNMMT OR WE WILL WLL BE #MMTed!

@RedMMT @DavidPintoD #MMT keeps relabeling constraints this time it's “residuals” to dodge causality. But debt, deficits, and accounting don’t create value. Exchange discovers value. Ledgers just record who has claims on it. That's why MMT deals with inflation after the crash not before.

@EconMacro @DavidPintoD MMT considers it's a residual and that It should be treated as an endogenous variable. We care about unemployment & inflation, not accounting residuals. There is no target for the private sector's net financial assets ratio to GDP. Any more questions?

Here @DavidPintoD neatly summarizes the problem of Labour: they are stuck in old consevative paradigms. This is why they are useless.

@RedMMT ? MMT started with $5 trillion of government debt. It's now $40 T what austerity???

The establishment reacts. We have seen It before.

@scientificecon Russia news?

They're so good at bombing people in other countries

@RedMMT @IMFNews I am still trying to figure out where you got the 1?

@EconMacro @IMFNews Someone's financial asset is someone else's financial libability.

Somos, @IMFNews, una organización multilateral de ideología neoclásica y no entendemos cómo es posible que los Estados siempre estén endeudados. Estamos convencidos de que es insostenible porque los Estados son como hogares y tienen que cuadrar sus cuentas ¿no?

@RedMMT @IMFNews Accounting records where claims settled. It doesn’t create the wealth those claims represent. Production creates value; accounting simply records who ended up holding the claims.

@RedMMT @IMFNews We can disagree about counting. Where did the +1 come from?

@EconMacro @IMFNews You got the math wrong. +1-1=0. It's not that hard.

@RedMMT @IMFNews 0-1=+1? How?

@EconMacro @IMFNews For example, that government debt is private sector net financial assets and should be seen as a residual of policies leading to full employment with price stability.

1 by 1 they are all seeing the light.

@MMTmacrotrader I thought we were going to party like 1999 in Oct and only you could see it with your flows. What happened? How many new highs did we make since then? 😆

Massive surplus during a technology bubble, we're going to party like its 1999!

Wall is inflationary as can be observed in Russia. Gov by the data not what political "economics" tell you to believe. 👇

@barua_ashish Illiterate

THE US GOVERNMENT IS NOT LIKE A HOUSEHOLD, It will not go bankrupt! It is not using your tax (direct or indirect) dollars! It is not borrowing from Americans! It is not borrowing from China! It is not borrowing from the financial markets (domestic OR international) Understand the monetary operations between the US government and the Fed. #MMT

@litewhisperer Architect? He is a Marxist.

"one of the architects of the Job Guarantee framework, presents MMTUK's proposal for the UK"

@MMTmacrotrader Meaningless to a $38 trillion economy.

The new 122 tariffs will likely slow fiscal even more and the timing couldn't be worse. We were just starting to see IEEPA tariff revenue slow, the SCOTUS ruling and 122 tariffs will likely change the trajectory. youtu.be/RdMOSzPhyzE

@MMTmacrotrader Fiscal flows? How has that been going for you? 😂 You can't trade yourself out of a paper trading even if you life depended on it with "fiscal flows" That's why you can't make no third party calls and show your results to anyone. Just listen to what I say not the results. 👇

Discussing how to understand market sentiment through the lens of fiscal flows and MMT youtu.be/asQl-c9_KxA

@Tu_Quoque_4_U @Brien_Lundin To you. I know. You haven't the faintest idea what I just told you. 🤭 That's why you think the eay you do.

@EconMacro @Brien_Lundin Incoherent garble

Selgin blocked me when I argued that "monetary policy" is central planning. And here he is, rehabilitating Keynes: make-work jobs programs, and deficit spending (also admitting that the Chicago School I.e. Milton Friedman supports it too). X won't let me share, but the thread is revealing.

@Tu_Quoque_4_U @RealKeithWeiner @Brien_Lundin Gov cant sownd liabilities. There is no law that can change that. x.com/i/status/20224…

@EconMacro @RealKeithWeiner @Brien_Lundin Source is history. Mystics change the rules whenever they feel the need

@barua_ashish Japan has lost over 50% of its value. 😂👌 No economic growth in 4p years. 😂👌 Ah yes! The #MMT Dream.

The apocalypse that the Western MSM and the mainstream economics priesthood were screaming about in #Japan has magically, disappeared. Just yesterday they were beating the war drums: “Japanese bond yields are rising!” “Japan is going bankrupt!” “Inflation is about to spiral out of control!” The same recycled horror script they’ve been running since the early 1990s. And now? Pin-drop silence. Here’s what they will never admit: the Bank of Japan doesn’t “lose control” of yields. It sets the terms. When yields move, it’s because the BoJ DECIDES, in coordination with the Japanese government, to let them move. THAT'S NOT MARKET PANIC. THAT'S A POLICY CHOICE. A POLITICAL DECISION! Japan issues its own currency. The government spends in Yen (¥). The BoJ clears payments in yen. There is no solvency risk in your own sovereign currency, full stop! The entire “bond vigilante” fairy tale collapses the moment you understand that a currency-issuing government doesn’t need to borrow its own money to spend. Yet every time yields tick up a few basis points, the mainstream economics ecosystem goes into theatrical meltdown mode. Why? Because admitting the truth would destroy decades of austerity propaganda. It would expose the myth that governments are “like households.” It would demonstrate that public deficits are not financial constraints, but rather political choices about real resources. JAPAN HAS RUN LARGE PUBLIC DEBT RATIOS FOR OVER 30 YEARS! According to the textbooks, it should have collapsed 15 times by now. Instead, it has low unemployment, high living standards, and the so-called “debt crisis” that never arrives. So when the #BoJ allows yields to rise, the pundits scream “market revolt.” When nothing happens, they quietly move on. Same script. Different year. The real panic isn’t about Japan. It’s about the fear that people might finally understand what a sovereign currency system actually means. #LearnMMT

@MMTmacrotrader @0xgalileu @RelearningEcon Bc Pulse worked so good!😂 🤦‍♂️

@0xgalileu PulseGDP has been deprecated and is being replaced by @RelearningEcon 's GDP Dynamics model. I'd use that instead, sorry for the confusion. x.com/GDPDynamics/st…

Weekly update is live! The longer term fiscal outlook may be stabilizing but still some work to do in the short run. 🔗👇