Thread by @ActivistMMT

You are conflating politics with economic theory.

Theory is about determining the possibilities. Only then can you consider political and human realities. #MMT's descriptive element is purely the former.

https://twitter.com/KingBeauregard/status/1561177809627893764

WHY exactly, is "inflation out of control" in medical costs? Because pharmeceutical companies are completely unregulated and can price gouge.

Because workers in healthcare (and in general) have no power to negotiate better wages and working conditions, which only further increases the power of corporations to price gouge, and further decreases the purchasing power of those workers.

Because HEALTHCARE IS NOT FREE. If healthcare had no cost (to any citizen), then quite obviously its prices could not rise.

So the idea that [something recommended by #MMT] will exacerbate this particular inflation is incorrect.

These are real-world problems. Solve them:

Stand up to these corporations, stand behind workers, and give everyone healthcare (and education, and un-poisoned water, and a planet that won't collapse around us) at no cost at POS.

Then the inflation will be greatly reduced.

For an overview of actual #MMT you might consider reading: stephaniekelton.com/book

If healthcare had no cost (to any citizen), then there would be no medical debt. If education had no cost (to any citizen, whether they go to school or not), then there would be no student loans and therefore no student debt.

NEEDLESSLY WITHHOLDING these things – that are desperately needed and obviously, safely doable – is precisely what causes these terrible problems.