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@GowerInitiative @PhilArmstrong58 "For 3 years, the economy expanded until the US central bank intervened in 1937, repeating its mistake of only a few years before to increase interest rates and trigger another recession."
Remember the Nazis were popular because they ditched austerity..…
@GowerInitiative @PhilArmstrong58 💡👇🏻

Some reality at last.. "Tlaib proposes to pay for the cost of the program by calling on the Treasury to use its authority under federal law to issue two trillion dollar platinum coins. The move would not add to the debt." Indeed it would not..…
Read 87 tweets
Slightly belatedly, this week GIMMS celebrate our 1st Anniversary 🥂🍾
A big thank you to all our followers and supporters who have contributed to our efforts over the last year to push for a broader awareness of #MMT From our London launch event last October.....
Where we announced the launch of our website, featuring our own #MMT factsheets with links and videos to the work of core academics, plus our searchable Zotero database of published papers.
We continue to enrich our site with our weekly #MMTLens blog.
Many thanks to our Advisory Board; Warren Mosler, Bill Mitchell, Randall Wray, Mathew Forstater, Stephanie Kelton, Pavlina Tcherneva, Fadhel Kaboub,Rohan Grey, Stephen Hail, Deborah Harrington & Jessica Ormerod for their advice, support and faith in our project.
Read 15 tweets
#MMTLens #Armistice100
A weekend of quiet reflection.…
Today’s blog comes just before the weekend commemorating 100 years since the end of the First World War, the ‘war to end war’.
When it started people thought it would be over in a matter of months
but it turned into a fight to the bitter end. It is regarded as the first “total war” in which military and industrial resources and people were mobilised on a scale never before thought possible. Trench warfare created an endless demand for men, munitions and supplies
with often no apparent gains or victories. But by the beginning of 1918 those resources had been drained too much.
Demoralised German workers, suffering from food and fuel shortages, threatened revolution at home.
Read 20 tweets

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