Raw, Insightful, Authentic Econ. Like, followp, subscribe if you want to trade with #MarketReality not fantasy! #FinancialEducation #Investing #RiskManagement
Philadelphia, PA
Joined November 2011
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As I keep telling unsuspecting people, #MMT is neo-Soviet economics rebranded for new fools.
🤡👇
One day #MMT claims higher interest rates & deficits support the economy and we need more of it.
The next day they predict economic apocalypse annually.
Then people wonder why I schitt all over #MMT political cult.
Whistleblower Accountant: ‘I Predicted 2008, This Will Be WORSE’
My conversation with @RichardJMurphy is live. youtu.be/oMhT6qw8KGE?is=AyDY…
🇹🇷 Turkey unemployment: 8.4%
Once again, proving #MMT wrong.
Government borrowing and spending, and currency devaluation, do not lower unemployment.
Mosler is wrong yet again on all counts. The currency collapsed, inflation hit 86%, and unemployment didn't fall.
@realmacroecon🇺🇦🇪🇺 retweeted
Setting Marxism aside, probably the closest thing to a flat-Earth theory in economics is MMT. Its proponents are people so confused by accounting identities that they are unable to grasp the distinction between nominal and real variables.
Spending what?
Gov can't spend a liability of nothing!
0-1=0 Not 1
If the act of "spending" created value, inflation wouldn't exist, and none of us would ever have to work again. We would all be billionaires.
MMT is a voodoo economics!
@realmacroecon🇺🇦🇪🇺 retweeted
When will the leading "scholars" of MMT start acting like real scholars? We've produced the critiques, they're peer reviewed and published. We're waiting for your responses.
If you're not aware of @StephanieKelton's embarrassing failure, it's summarized here (with links) mises.org/mises-wire/stephan…
Listen to #MMT's Natasha Kelton embarrassing herself worldwide.
Gov can't legally, mathimatically, or operationally spend a libaility of NOTHING 1st!
There can be no deficit or surplus of NOTHING! 0-1=0
She completely skipped wealth-creation & Funding to "Spending" NOTHING!🤡
"There will come a day when #trump is gone. But you're dishonor will remain"
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vt.tiktok.com/ZSpFnDQLc/
Richard is an account that pretends to be an economist, pushing #MMT fantasy economics that no one recognises as anything more than politcal bullschitt!
Out-of-control Gov borrowing and spending is NOT Neoliberal. It's the opposite!
Is neoliberalism reaching its tipping point? US election results might hint at that, but there is something much bigger going on. youtu.be/PW-rKVmFYqM?si=PNQx…
@realmacroecon🇺🇦🇪🇺 retweeted
The function of Taxes is to fund Gov.
$100 bln taxed from the private sector for gov to spend back to the private sector and creditors. Net $0 from or to the private sector.
Taxes changes who gets to spend the $s Gov or You!
