1/ *Many* resources for getting started with #MMT.

[#LearnMMT THREAD v.2.01]

In a sentence: MMT is non-fiction macroeconomics.
2/ Here is an excellent single article explainer of #MMT by @StevenHailAus, economist and lecturer in Economics, University of Adelaide: theconversation.com/explainer-what… #LearnMMT
3/ Here is an excellent single article explainer of #MMT by @John_T_Harvey, professor of Economics at Texas Christian University (@TCU): forbes.com/sites/johnthar… #LearnMMT
4/ Here is a list of many #MMT people, places, and resources to help you #LearnMMT. Herein lie many friendly and knowledgeable people who will guide you well and happily answer your questions.
5/ When you're ready for a deep dive into #MMT, here are many repositories of research and scholarship: #LearnMMT
6/ My #MMT elevator pitch, for those who want to be intrigued and inspired about MMT, but don't have time to listen to a full lesson: #LearnMMT
7/ #MMT core concept: First and foremost: All federal spending is, and has always been, paid for with created currency. This insight has enormous and profound implications on our society and the world. #LearnMMT
8/ #MMT core concept: What is money? What gives money value? #LearnMMT
9/ #MMT core concept: Where does money come from?

1. Who actually creates it?, and
2. Who authorizes its creation? #LearnMMT
11/ #MMT core concept: Since all federal spending is paid for with created currency, then why do we pay federal taxes at all? #LearnMMT
13/ #MMT core concept: The federal government creates "debt-free" (high powered) money. Banks also create money. They're franchised by the gov't, but when you receive it, you are instantly in debt for 100% plus interest. It is "private debt." #LearnMMT
14/ #MMT core concept: What is the federal deficit, *really*? #LearnMMT
15/ #MMT core concept: The Federal Job Guarantee (FJG) is a core part of MMT and is the most important & impactful policy recommended by it. The FJG is a beautiful & elegant piece of policy that alleviates the absolute scourge of involuntary unemployment:
16/ Here is the conclusion to my #MMT-101 lesson. This is a sort of continuation to the above elevator pitch. #LearnMMT
17/ #MMT is powerful because it lays neoliberalism & mainstream economics bare. MMT demonstrates our federal governments can easily provide all their people what they need or NOT DIE, suffer, go bankrupt, or be unemployed. So why don’t they? The answer is, “It would empower us.”
18/18 #LearnMMT
Creating money does not inherently “devalue the currency” or create inflation.
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