Bill Mitchell<p>Thursday's blog post (27/03) is now posted (16:14 EAST) - What is the purpose of fiscal policy? Don’t ask Rachel Reeves! - <a href="https://billmitchell.org/blog/?p=62459" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">billmitchell.org/blog/?p=62459</span><span class="invisible"></span></a> <a href="https://mastodon.world/tags/mmt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mmt</span></a></p>
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#MMT
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Bill Mitchell<p>Monday's blog post (24/03) is now posted (17:42 EAST) - The Far Right opposition to the euro in Germany has nothing to do with MMT - <a href="https://billmitchell.org/blog/?p=62447" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">billmitchell.org/blog/?p=62447</span><span class="invisible"></span></a> <a href="https://mastodon.world/tags/mmt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mmt</span></a></p>
The Sleight Doctor 🃏<p>For there to be too many dollars, or pounds sterling or whatever, chasing too few goods and services - skewing "supply and demand" and causing runaway inflation - national spending has to exceed productive capacity. That's why every nation that has ever experienced hyperinflation, had to have the supply side of its economy destroyed first. That hasn't happened here in the UK, nor (yet) in America. </p><p>There's no reason to cut spending, it's a political choice by the wealthiest.</p><p><a href="https://mastodon.world/tags/MMT" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MMT</span></a> <a href="https://mastodon.world/tags/taxTheRich" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>taxTheRich</span></a></p>
Bill Mitchell<p>Monday's blog post (17/03) is now posted (17:43 EAST) - Tariffs and more – Part 2 - <a href="https://billmitchell.org/blog/?p=62434" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">billmitchell.org/blog/?p=62434</span><span class="invisible"></span></a> <a href="https://mastodon.world/tags/mmt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mmt</span></a></p>
DrALJONES<p>Musk's DOGE team just let the cat out of the bag... that the US is a currency issuer.</p><p>Fed spending - which occurs via crediting bank accounts electronically - is what brings the currency into being.</p><p>No fed spending is from taxes or loans. The main purpose of taxes is to manage inflation.</p><p>See, eg, Stephanie Kelton, former economic advisor to Bernie Sanders:</p><p><a href="https://alpha-week.com/realvision/stephanie-kelton-mmt-and-deficit-myth" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">alpha-week.com/realvision/step</span><span class="invisible">hanie-kelton-mmt-and-deficit-myth</span></a> </p><p><a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mmt</span></a> <a href="https://mastodon.social/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>uspol</span></a> <a href="https://mastodon.social/tags/musk" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>musk</span></a> <a href="https://mastodon.social/tags/USGovernmentSpending" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USGovernmentSpending</span></a> .</p>
DrALJONES<p>Surprise! (At least to Elon)</p><p>Report: "Elon Musk Discovers the 'magic' of Modern Money".</p><p>Musk has discovered that the feds have "magic money computers that can just make money out of thin air."</p><p>Hold onto your hats & clutch your pearls, because Musk has just exposed a huge scandal.</p><p><a href="https://stephaniekelton.substack.com/p/elon-musk-discovers-the-magic-of" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">stephaniekelton.substack.com/p</span><span class="invisible">/elon-musk-discovers-the-magic-of</span></a></p><p><a href="https://mastodon.social/tags/Musk" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Musk</span></a> <a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>mmt</span></a> <a href="https://mastodon.social/tags/USGovernmentSpending" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USGovernmentSpending</span></a> .</p>
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