Read on Twitter
Do you care about the #GreenNewDeal ? #M4All? #FightFor15? #JobsGuarantee?
If so, read these Five Facts about Modern Monetary Theory, or #MMT. Its what we need to make it all happen.
#MMT also has Ozzy, the fluffiest mascot in the history of economic policy:
If so, read these Five Facts about Modern Monetary Theory, or #MMT. Its what we need to make it all happen.
#MMT also has Ozzy, the fluffiest mascot in the history of economic policy:
1: Ozzy's human there is #MMT champion @Stephaniekelton, an economic advisor to @berniesanders. Stephanie's latest book cuts through all the stale bullshit about government spending.
https://stephaniekelton.com/book/ :
https://stephaniekelton.com/book/ :
2. #MMT destroys that stupid question ``bUt HoW WiLL wE PaY fOr iT?". Is even better than the retorts we already know. Proves that normal economics is nonsense to make rich people even richer.
IMO the best short explanation of #MMT is @samadlerbell's. https://theoutline.com/post/8895/how-will-we-pay-for-it-is-a-stupid-question?zd=1&zi=ejnfgdxw
IMO the best short explanation of #MMT is @samadlerbell's. https://theoutline.com/post/8895/how-will-we-pay-for-it-is-a-stupid-question?zd=1&zi=ejnfgdxw
3. MMT is called a theory, but it is actually a factual description of how money, tax and govt spending really work.
But instead of using reality to make policy, we've used theories we now know are wrong and tired. It's mascot is the dynamic and charming @LHSummers.
But instead of using reality to make policy, we've used theories we now know are wrong and tired. It's mascot is the dynamic and charming @LHSummers.
4. Because #MMT makes clear that the economic policy we've used for years is stale and failed, it scares the shit out of the bankers and economists who want to preserve the existing status quo. Here's a fun take on that boys-club quivering" https://www.project-syndicate.org/commentary/why-central-bankers-fear-modern-monetary-theory-by-james-k-galbraith-2020-12
5. Speaking of old dudes and how much they love being wrong, we should point out that #MMT is *not* an boys club. Women lead the way too, and not just Stephanie Kelton. @ptcherneva is your go-to for why a jobs guarantee is good, smart policy. https://www.businessinsider.com/bards-pavlina-tcherneva-on-a-federal-job-guarantee-instead-of-ubi-2020-7
