I really hate the 4 things and they are 4 things I think most of us feel, have seen or had happen to them:
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1. When people show off their good fortunes while people suffer. "look at me, aren't we great?" "I'm so blessed to have lots of money and family support so we can do whatever..." "Look at the pool." "This is us at a 5 star restaurant"
2. When people see the shallow celebration and envy them while resenting the people in their own homes wondering why these good projects aren't done at their own home. You know the type. Trust me. They aren't rare. Sadly.
3. You realize the" rich" people have lots of family support, resources and time to pull off their pet projects and take their trips and those who have none of that are expected to keep up with the Jones' or get dunked on daily. A constant and bitter fucking disappointment
4. Then the final nail/Coup d'etat is when those who envy the rich, lucky, blessed, pampered show offs, like the show offs facebook/Instagram posts where they rub your nose in it and then shit on their own family as they stumble, get overwhelmed & fail while trying to just be ok
What an absolutely fucked up world we live in. I hate this neoliberal competition bullshit. I hate the grass is always greener, life stealers who spend so much time shaming and blaming the poor fools unable to keep up.
No, if you were born on third base and rounding home, you didn't accomplish shit other than winning the lottery of birth.
When nothing is ever good enough then what is the fucking point? Is that REALLY the best this world has to offer? Be the asshole showing off or be the one getting dunked on for not keeping up. Think about it.
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One of the most important aspects of the economy is the role of imports vs exports and which is more "desirable".
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On paper, accounting shows us that exports are a real cost and imports are a real benefit.
Trading paper for real resources is a win based on accounting identities and truth is, under blue sky, the world is stable kind of circumstances relying on the accounting identity is a perfect way to see them.
We have a major divide on the side of good. Some good guys think that their blood, sweat and tears they spend fighting the good fight makes the bills they pass unassailable even if it leaves millions out in the cold because they see their efforts and feel that is progress.
The people left behind cry out "hey, I got left behind and I don't want to die either!" And that juxtaposition between those who fought for and won incremental progress take offense when the people that are left hurting cry out and say they aren't satisfied. A tragedy isn't it?
That whole union ethos of an injury to one is an injury to all needs to be true north. It needs to be our guide post. No backslapping as we get some off the Titanic and watch the rest drown.
1. We are not on the gold standard and thus the constraints imposed are no longer in play.
2. We have a sovereign, non-pegged, non-convertible fiat currency not backed by oil, gold, bees wax or chicken necks...
3. The Fed is a creature of CONGRESS not a private banking cartel
4. We aren't broke and can never go broke without an intentional act of congress. The debt ceiling is a garbage construct used for politics to force "tough decisions" and is a relic of the gold standard era.
5. The national debt is not debt as you and I know it at all but is instead savings accounts at the fed for people who want to save in US dollars. It's also can be thought of as the net money supply or the money not yet destroyed as a tax.
Educate the masses about #MMT will do 1 of 2 things:
1. People will make demands, government will make incremental change and people keep pushing for more change or:
2. The government and media keep lying & they fuck around & find out what the radicalized will do to survive.
5 years ago a movement thought I was nuts saying "Taxes don't fund spending" and now we should all know that to be empirically true. The only apology required is why we are not United in demanding this truth guide policy NOW!
If we had a Federal Job Guarantee, Medicare for All, Free College, ending and cancelling all student loans and a Green New Deal with infrastructure, how much better off would we ALL be? #MMT