Fencepost retweetledi
Click translate on this. I promise you won't be disappointed.
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Fencepost
26.6K posts
@Matt72423 There's a reference to another country in the part about crushing the rebellious Scots.
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@dave161256 @RichardJMurphy Bill Mitchell's 3 part series "Exploring the essence of MMT".
billmitchell.org/blog/?p=49488
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What is modern monetary theory youtu.be/1_vNAY2Nrm0?si… You can’t discuss macroeconomics without knowing about modern monetary theory. So, what is it all about? In this longer-than-usual video I offer my explanation.
YouTube
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Fencepost retweetledi
When we understand the full scope of austerity, we see it not as an event, like the removal of winter fuel allowances, but as a system structured to ensure a continuation of wealth passing to the already wealthy and more punishment for the society's most marginalised. 8/9
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Fencepost retweetledi
Of course, the answer is clear. Bourgeois liberal democracy is one trench in a complex of defensive positions facing the working class. Governments in the imperial core are only electable if they carry out the orders of state monopoly finance capitalism. And its hegemon the USA.
Zarah Sultana MP@zarahsultana
For 14 years we’ve repeatedly heard politicians talk about the "tough choice" of austerity. Why is it always the working class hit by these "tough choices", and not UK billionaires who have seen their wealth increase threefold in the past decade to £684,000,000,000?
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@AngryatMayfair @PoliteRevo3255 @RichardJMurphy The problem with people like you is you don't read the core literature before pontificating.
I suggest you fuck off.
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@AngryatMayfair @PoliteRevo3255 @RichardJMurphy I assure you my friend, those things you mentioned do not appear anywhere in the core literature. You are confusing MMT and the MMT "lens" yet again.
I've no interest in any MMT conference thanks anyway.
Happy to help any time 👍
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@FarlaneTeri @wales_steve @FromSteveHowell From proscribing financing via CB to the SGP/EDP, it's a neoliberal, anti democratic dream.
We already have one level of neoliberalism, we don't need another on top.
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@wales_steve @FromSteveHowell It definitely needs reform but with the likes of Von der Leyen and Scholz that’s not going to happen. It’s such a shame they managed to force out Clare Daly and Mick Wallace.
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France, today
160,000 march in Paris and 300,000 in cities around the country against Macron's coup - his deal with the Far Right to appoint Michel Barnier as PM.
Barnier's right wing party came 4th in the election.
Polls show 52% back impeaching Macron. #MarcheDestitution
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@fencepostgod @Davejones0305 We carry on letting people know the truth about the way the economy works. That's all we can do, so they can tell when they're being fed bullshit by the Govt and MSM.
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Given his current confusion on the subject of gender one must forgive Mr. Musk for posting a photo of Salma Hayek while attributing a quote from Friedrich Hayek to her.
Salma is not a former professor at LSE, nor economic advisor to the Conservative Party in the 70s.
Relearning Economics@RelearningEcon
And with private sector banks in control, the chief threat in the field becomes financial instability... Cough cough 2008...😐
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@Davejones0305 We must keep at it. Each and every hour of the day.
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@Davejones0305 He's all over the shop isn't he.
I commented that his video wasn't about MMT but RM(Richard Murphy)MT as he doesn't think the JG is an integral part of MMT.
He came back and said he was allowed to think for himself 🤷
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@AngryatMayfair @PoliteRevo3255 @RichardJMurphy It's not a "levelling tool" of any kind, you are conflating MMT and the MMT "lens" again.
I've familiar with the core literature and have never come across "the part about taxation, equality and antisocial behaviour", maybe I've missed it?
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@dave161256 @RichardJMurphy MMT has two connected policy recommendations; zirp and JG.
Without the JG, it's not MMT.
reddit.com/r/mmt_economic…
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@Davejones0305 @ASMcEwan Yeah, it's all about political choice.
When you look at what's actually going on it's easy to think "fuck it, there's nothing we can do"; I often think that.
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@Davejones0305 @ASMcEwan I lost interest. I thought once you understand the basics of the system the rest was a bit like the "ins and outs of a ducks arse". 🤷
I'm much more interested in the politics.
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