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Wesley J Wiles #MMT Radical Environmentalist 🌹🏴 Profile picture
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5 Jan, 7 tweets, 3 min read
@jimmy_dore @miserablelib
@briebriejoy @kthalps @J_ManPrime21
Ben is a hack.

He's a Propagandist, disseminating Neoclassical mainstream orthodox. You platform CIA & NATO assets.

Neoclassical Marxists don't threaten the Neoliberal project, they carry water for it.
Neoclassical Economics is the mainstream orthodox from the Chicago School monetarists that Milton Friedman and Larry Summers are prescribed to.

There is no such thing as "Neoliberal academia", only Neoclassical Economics that creates the Academic base for the Neoliberal project.
Michael Hudson, a real Marxist and MMT economist, has been telling us for years that it's the Neoclassical mainstream orthodox that we must destroy & Neoclassicalists are your enemy. And so is the Dem party.
realprogressives.org/podcast_episod…
... He'll** platform..

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More from @WilesWj

Wesley J Wiles #MMT Radical Environmentalist 🌹🏴 Profile picture
7 Jan
@cushbomb

....

The founders of MMT are Marxists... Hyman Minsky was a Marxist. Michael Hudson is a Marxist. Bill Mitchell is Marxist...

Saying MMT has a position to save cApiTaLiSM means you still have not been paying attention. MMT is Apolitical. MMT is against Neoclassical.
Watch these, completely.
Read 5 tweets
Wesley J Wiles #MMT Radical Environmentalist 🌹🏴 Profile picture
5 Jan
@cushbomb

The Fed can only create credit, it cannot create new USD, only Congress can. QE is the Fed swapping treasury securities/bonds for treasury reserves/USD notes. The Bonds were already purchased/swapped with real USD Congress deficit spent into circulation. 1/
So, because those securities were originally swapped for reserve notes that had been in circulation & securities are calculated in the budget Deficit, when the operation of swapping the securities back to reserves, means no new assets r created by the Central Bank through QE. 2/
It's a balance of payments equation. The federal budget Deficit doesn't change by $1(besides interest no longer being paid on Bonds/securities) after QE. Its still Austerity politics & still serves the elites & banking Creditors who make us participate in a Bond market system 1/
Read 7 tweets
Wesley J Wiles #MMT Radical Environmentalist 🌹🏴 Profile picture
5 Jan
@cushbomb @willmenaker
@ByYourLogic @virgiltexas @briebriejoy

Please make a Michael Hudson episode happen with Chapo & Bad Faith! The left needs a real thought leader, and Hudson is the real deal, not a Neoclassical gatekeeper.
"The long history of debt cancelation"

Neoclassical is the mainstream orthodox that creates the Academic base for the Neoliberal project. There's actually no such thing as "Neoliberal academia".
Read 7 tweets
Wesley J Wiles #MMT Radical Environmentalist 🌹🏴 Profile picture
3 Jan
@BenjaminNorton Venezuela has had it's currency pegged to the US dollar for decades, before Maduro, which has always been a bad idea. I'm not sure why the Venezuelan Gov didn't unpeg it's own currency from foreign debt when it had the chance. The problem of pegging to the USD serves IMF wishes.
@BenjaminNorton
@BenjaminNorton It's essential that Venezuela reject the IMF's predatory debts and unpeg the USD from it's State currency. Venezuela cannot have full monetary sovereignty until it unpegs the foreign debt tied to it's money.

Read 9 tweets
Wesley J Wiles #MMT Radical Environmentalist 🌹🏴 Profile picture
2 Jan
All this fawning over AOC, about the House rules for PAYGO is the last straw for me. Those House rules don't mean anything. No one is restrained by them, there is nothing in the constitution that would enforce the Neoliberal Dems petty rules like demanding spending bills.. 1/
be offset by taxes with a PAYGO structure. Not 1 person in the House of Representatives has to follow that list of BS Dem party rules, nothing stopping any1 from bringing bills up with large fiscal spending without tax offsets. 2/
But look, the liberal-progressives drawers about the rule, acting like AOC "made" them do it, which is not true, AOC can't/won't make them do anything. It's a f*kin lie to placate the liberal-progressives simping for her with a phony victory.

3/
Read 4 tweets

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