ΛЦƧƬΣЯIƬY IƧ MЦЯDΣЯ Profile picture
Dec 17, 2021 13 tweets 2 min read Read on X
What #MMT provides is many fold, but two key insights...

The political

The economic
1. Political: since fed taxes do not fund spending, the political argument for blocking programs can be overcome.

2. Economic: currency issuers are vastly different from currency users & sovereign debt of a currency issuer is VASTLY different from that of a currency user.
By understanding these two seemingly unrelated points, the efficiency an economic guru seeks to exploit can be realized.
Sadly, overcoming the key delusional beliefs prevalent in the political world block us from overcoming the key insights that a real understanding of MMT would allow us as we further provision our society.
I woke today with an inner rage that can only come from experience and knowledge.

This winter, hundreds of thousands of Americans will be on the streets homeless, without food, shelter or heat.
Families will break up from financial distress. Kids will be dealing with life insecurities, bullies who capitalize on weakness and observers will judge "misbehavior" versus dig deeper for the real root causes.
45,000 suicides from joblessness will occur and many more will unsuccessfully try to take their lives in despair.
Millions will suffer from food insecurity or poor nutrition because of financial destitution, austerity and Calvinism.
Millions will die from pollution and the environmental destruction from contaminated drinking water. Airborne illnesses from air pollution will kill or severely damage their lungs as well.
Hundreds of thousands of minorities, vulnerable from years of systemic and envrionmental racism will die attempting to survive by living in alternative economies from unregulated prostitution to slinging drugs and gang related violence.
Many women will suffer the effects of rape and be forced to self Medicate, have unsafe, unregulated procedures and even commit suicide from a lack of available, affordable services.
Millions of individuals suffering from mental illness will go untreated, commit suicide, commit murders, destroy families and end up in jail as opposed to a medical facility...
All because the people are more worried about the tone of activists sharing the econonic truths to fix all of the above... tone policing.

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More from @sdgrumbine

Feb 26
Some douchebag saywut seems to have a yeast infection causing some stink over being told it isn't tax dollars funding the genocide in Gaza. For those who don't know, I will explain why this matters, and you can choose for yourself if you understand. 1/x
The idea of taxpayer dollars was spewed out by Margaret Thatcher and Ronald Reagan to make people hate government spending on the people. It was their tool to prepare the way to demonize "the welfare queen" and to further entrench capitalism and ensure austerity 2/X
Once people (right wing/left wing) believe their "hard earned tax dollars" are being "wasted" on abortions, college, student lunches, bombs or war. They feel they are being robbed to pay for xyz thing they don't like. But what it does is ensure someone is ALWAYS stopping spending
Read 9 tweets
Jan 5
What are the main insights of #MMT to the activist?

That the nation isn't broke and doesn't require ↗️📈 taxes to pay for programs?

MMT is not political but it exposes fraud, corruption and destructive behaviors easily.
MMT leverages sectoral balances to assess the health of an economy. Those sectors include Public Sector, Private Sector and Rest of World.
MMT shows we are not on a gold standard, petro standard or anything other than a sovereign free floating non-convertible fiat currency. Not since 1971 when Nixon ended the convertibility to gold via the Bretton Woods Accord.
Read 14 tweets
Jun 3, 2023
The parties rep a structure meant to make us feel like someone is fighting for us. They manufacture allegiance based on fake narratives and end of the world scenarios meant to create urgency. This hides the real existential threats gaslighting seeks to prevent us from seeing.
This is not radical. it's simply observant. Raidcal would be to push for non-electoral solutions. Radocal would be to acknowledge the truth and act accordingly. Not carry the lie and pretend you are doing the work of the Lord by pushing candidates and playing along.
This goes for third parties. Pretending voting will save us as the world burns, and police beat people for trying to survive and provate property holds more value than human life. To carry the charade is a crime that goes beyond "radical".
Read 7 tweets
Jun 2, 2023
My hatred for those who stand in the way of economic literacy, that perpetuate the false narratives of "printing money" and "taxpayer dollars" knows no bounds. You have allowed immeasurable harm to be done to millions. Destroyers of humanity.
forbes.com/sites/saradorn… Image
Read 5 tweets
Mar 14, 2023
The US Government uses its power to create money to provision for its needs. It uses its unit of account, the US Dollar, a tax credit, to mobilize resources (for good or bad) to achieve its purposes. So all laws passed, all bills passed leverage BRAND NEW $$$. Not tax $$$. 1/x
This is so unbelievably important. This relationship between a currency issuing government and its people is poorly understood and therefore so many really dumb takes come from the average citizen/politician/media. Yes, most have absolutely no clue what happens when govs spend $.
Its also why "revolutionary " takes on geopolitical events is always slanted to silly cries of "the end of the dollar".
Read 24 tweets
Dec 29, 2022
There is a HUGE public out there who thinks our nation, which creates its own currency everytime it spends, must be constrained like a household budget which cannot do the same.
The lie is so pernicious that no other factor will hold us back including corruption, rigged elections, or any other issue you may raise.
Because this lie is responsible for more death and destruction than any other lie, it is ground zero of our efforts. All the yellow vests and protests in the world will not fix what ails us until this is known.
Read 6 tweets

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