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"The state that issues the pound doesn't go looking for it. It spends it into existence. Self-financing, as advertised." MMT Michael defends the self-financing state against Dunn. The binding limit is real resources, not a funding pot. #MMT
mmtmichael.substack.com In Defence Of
"Feed your country or pay your creditors" only binds those who owe in currencies they can't issue. Dollar debt, yes. Sterling debt, no. The UK government issues the pound. Its limit is food and fuel, not a creditor's invoice. #MMT #UKGreenParty #Economics #UKPolitics #EUEconomics
braveneweurope.com Michael Hudson – Feed Your Country or Pay Your Creditors – Brave New Europe -
A £500bn spreadsheet error is funny. The bigger error is the frame: net zero as a bill to "afford". Pounds aren't scarce. Steel, grid engineers and installers are. Count those. Westminster issues the pound and can fund the lot. #MMT #UKGreenParty #Economics #UKPolitics Source: Guardian Politics
mmtaction.com Argument Builder — MMTAction — Economics for People
It's not the first time the Tories have got the numbers on a spreadsheet wrong. The last time resulted in 14 years of austerity. They're completely incompetent. #MMT
When will politicians turn to MMT? The answer is: in a time of crisis when it is apparent that neoliberalism has failed. And when will that be? Quite soon, on the basis of current progress. youtu.be/0S5Ad4WpCCE?...
youtu.be When will politicians turn to MMT?
MRNA lads feasting today 💉💉💉
Tampa not letting up.
working on comms today~
Trumpslaining like it's covid
#gamedev #mEngine #customengine 𝓶E++Ǝ𝓶 𝓔𝓷𝓰𝓲𝓷𝓮 : 🥶Freezing is so wonderful and useful!🥶 ====================================== Watch on X: 👹Better HQ audio/video: x.com/FrankTyphMik... ======================================
Mamdani called Trump but ...🧐👇🏼
Get em #NYC ✊
👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇
The politics of hope vs. the politics of hate. The hate meter is on the rise. We've seen the consequences of this before. Our current President is stoking the fire. We strive to lead with purpose. Just remember that on a long enough timeline, empathy & kindness always win. #MN07 #WeCanDoBetter
Christmas with the Cranks
Innit.
#ImpeachConvictRemoveDT for the 1)Grifting 2)Pay to play 3)4 the insider trading 4)4 the January 6th insurrection 5)J-6th insurrection 6)illegal war in Iran 🇮🇷 7)making ICE a terrorist group against our citizenry 8)4 misappropiating allocated funds 4 devious purposes #ImpeachConvictRemoveDT
Trans rights or they bites
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