A common thread among a lot of "leftist" criticisms of the #MMT community is outrage that advocates would recognize each other as part of the same intellectual project and not as atomized participants in the Left's marketplace of ideas. 1/n Image
There's no room for a thought collective in this space. Relationships between thinkers must end at the conclusion of a blog post. Otherwise it's bad faith and cultlike behavior (anti-competitive, if you like) that undermines the market's process of choosing the best ideas. 2/n Image
Of course, these pure liberal marketplaces don't just appear naturally. There's always a self-appointed cadre that sets them up and polices the boundaries of debate and behavior of participants in the name of free exchange. 3/n Image
Setting aside whether there's an agenda behind policing the MMT debates, the kneejerk hostility to social behavior as anti-democratic (because it's anti-competitive) is pure neoliberal dogma. And it's paralyzing. 4/4

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More from @agoingaccount

23 Dec
Maxx nails it 👇 I know it is weird to hear that money of all things is queer, because we largely associate it with capitalism and commodification.

From our perspective, participation in governance (including monetary governance) mediates individuated wills from the start...
...rather than being not imposed from the outside. So monetary governance (i.e. numerically coordinated collective caretaking) is always a contestable political terrain, and money's "answerability" to diverse needs goes deeper than the modern nation-state would like to admit.
And so as Maxx says above, the subject-object binary is queered from the start, because it's always already mediated by its location and participation within overlapping (and hence interconnected) regimes of social provisioning.
Read 4 tweets
6 Aug
Those reading the "Marxism vs. MMT" state theory threads should study the Uni proposal to really understand the MMT intervention here. 1/
Briefly, the Uni is a proposal for universities to self finance as necessary during the COVID crisis by issuing credits called Unis, which the universities would accept as payment for tuitions, rents, etc., thus giving the Uni a degree of money-ness within its "local" sphere. 2/
The Uni is a complementary currency, BOTH in the sense that it's used alongside US dollars, and because the Federal Reserve could formally accommodate the Uni by offering 1:1 swaps between Unis and USD, in line with its recent experimentation accepting municipal bonds for USD. 3/
Read 9 tweets

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