A large collection of examples demonstrating the #MMT view of class conflict/class struggle, and where specifically MMT addresses it.
[THREAD v.1]
(With thanks to many.)👇
[THREAD v.1]
(With thanks to many.)👇
👆From a 2019 post by Australian economics professor Bill Mitchell (@billy_blog) (bilbo.economicoutlook.net/blog/?p=42113)👇 
👆A thread filled with examples of how MMT addresses class conflict/class struggle by @moneyontheleft’s Scott Ferguson.👇
👆The job guarantee (addressed at the bottom of this thread) is the most important policy prescription of MMT. ZIRP is second. Implementation of ZIRP would "euthanize the bondholder class.” A thread by @thepublicmoney founder @rohangrey.👇
👆2015 paper by Randy Wray and Alla Semenova (levyinstitute.org/publications/t…):
"...the origins of money are to be found in the origins of inequality..."
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"...the origins of money are to be found in the origins of inequality..."
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👆Randy Wray, in 2013: “You set the tax on the rich and make it high enough so that they’re not rich.”👇
👆Regarding the above quote by Wray.👇
👆The centuries long and labyrinthine accounting gimmick of "taxes and bonds fund government spending” and the #MintTheCoin proposal, which takes advantage of existing law, to short circuit all of it.👇
👆More on #MintTheCoin.👇
👆The one and only book on #MintTheCoin is by PhD. political scientist @joefirestonephd, called "Fixing the Debt without Breaking America.” Here’s a 2019 post by him on the subject.👇 dailykos.com/story/2011/01/…
👆Using the knowledge of #MMT, even on the local level.👇
👆More on the Unis.👇
👆Doug Henwood’s so-called critique of MMT (wherein he says "A few computer keystrokes and everyone gets health insurance, student debt disappears, and we can save the climate too, without all that messy class conflict.") and responses by three MMTers.👇
👆A section from the 2019 MMT textbook:👇
👆Another: The intro to chap 17: "Unemployment & Inflation."
"we cast inflation within the general distributional struggle or conflict that is characteristic of capatalist economies, between workers seeking to achieve a higher wage & firms seeking to raise their profit rate."👇
"we cast inflation within the general distributional struggle or conflict that is characteristic of capatalist economies, between workers seeking to achieve a higher wage & firms seeking to raise their profit rate."👇
👆Finally, the #MMT-designed job guarantee.
“Any private operators who cannot “afford” to pay the minimum should exit the economy.”
The JG empowers workers, which by its nature is a strike against those who wish to disempower them.
From @billy_blog: bilbo.economicoutlook.net/blog/?p=23719 👇
“Any private operators who cannot “afford” to pay the minimum should exit the economy.”
The JG empowers workers, which by its nature is a strike against those who wish to disempower them.
From @billy_blog: bilbo.economicoutlook.net/blog/?p=23719 👇
👆"MMT fights involuntary unemployment by eliminating it."
If there’s always a living-wage-benefits job available, then there is less fear stopping those workers from standing up and demanding better. From @StephanieKelton’s The Deficit Myth:👇
If there’s always a living-wage-benefits job available, then there is less fear stopping those workers from standing up and demanding better. From @StephanieKelton’s The Deficit Myth:👇
👆The JG would substantially **end poverty**. This means that, relatively speaking, millions upon millions would suddenly be much wealthier (conversely, not desperate). That’s quite a big strike against those who benefit from poverty and unemployment.👇
👆#MMT and class conflict: Yes, tax the hell out of the rich, just let’s be clear on *why*.👇
👆Given the massive resistance #MMT receives from those in power and their economists, and the support it receives from many average people, the biggest statement MMT makes on class conflict is its very existence.
/end From govtrack.us/congress/bills…
/end From govtrack.us/congress/bills…
