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

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.

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.

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… splinternews.com/the-dangerous-…

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 $.

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.

One thing I know inside and out... most don't want to understand macroeconomics and if they did, they would have gone to school and asked to learn it. So when people find out how important it is, you have to know how hard it is to make that subject matter to THEM 1/x As a result of the disdain for economics and more so, to the elite who seem to know economics as a birth rite, the average voter assumes it is too much for them to learn and the edge lords who think they have it all figured out are too egotistical to admit they don't know...

The power of #MMT is it exposes what could be. It shows how easy prosperity for all could be achieved through the effective and proper use of the public monopoly of currency.

It begs the question: why aren't we living our best lives? Why is the environment burning up? 1/x To quote my friend and #MMT developer, @billy_blog , #MMT is not the theory of everything... so once we understand how the public monopoly of the currency operates, we need to examine the ideology and framework that is abusing that monopoly & not delivering the results desired.

The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism by @claraemattei
m.alibris.com/search/books/i…
#MMT friends should read this. Nuggets absolutely everywhere.
My second reading is intentionally slow and immersive. This book is incredibly eye opening. Intensely important to understand

Orthodox economics is violence. It is malevolent. It is fake and it is murder. If you EVER peddle the myths and lies of austerity that the government promotes (Interest rates, deficit reduction or debt reduction) you have blood.on your hands and it is your responsibility to learn and fight back, not double down.

Wouldn't it be great if congress people in charge of administering Article 1, Section 8 of the US Constitution actually understood they have the power of the purse and that the Federal Government is the currency issuer? Wouldnt it be fantastic if a congress person who we have to rely on NEVER lied or said we spend taxpayer dollars?

For as long as I have followed politics, the term "tax and spend liberal" stood out as an effective shutdown argument against "progressive" policies. Previously, Grover Norquist and the "NEVER raise taxes" pledge all Republicans sign to get funding and stave off primary challenges has made that mantra even more of a stonewalled nothing burger for progress

For anyone looking at "where does the money come from" on the miniscule #StudentDebt point shaving experiment... no money was created. The institutions were already paid. A government backed debt was simply no longer pursued for 10k. Nothing more than a ledger entry -10,000. The Fed Government held the debt. However, we know your hero @POTUS made discharging student debt through bankruptcy impossible and he also made regular bankruptcy more challenging for people to discharge as well. That is very different than medical debt which can be discharged.

One of the most important factors of a program like a Federal Job Guarantee or Medicare for All is that they cannot be "budgeted" for as programs like the #FJG are automatic stabilizers that rise and fall based on economic triggers that put them into play. Similarly with #M4A If a pandemic sweeps through, a Federal Medicare for All would simply make payments and the costs would be irrelevant to the population.

#MMT is here & now. The powerbrokers understand it & use it to serve wealth & ensure wealth stays intact. Neoliberalism is their ideology. They know capitalism demands nee markets & new areas to grow. So they destroy public services to create new private sector markets. #MMT 1/x They are *M U R D E R E R S* and sadly disinformation has led to a sheep like adherence to the murderous ways and we believe the false scarcity narratives meant to keep us beholden and slaves to the bidding of elite capital.

In a time of unprecedented economic despair, a politician must Absolutely, Unequivocally know how Federal Finance works to save lives. No more Economically illiterate candidates.
We literally cannot afford it.

1/x If we call it manslaughter or murder when we run over people with a car by accident or on purpose respectively, what is it called when you push for cuts to Federal Spending and kill thousands from austerity?

Manslaughter for the ignorant?

For anyone who thinks MMT (Modern Monetary Theory) is a subject that can be put off or ignored.

1. Because of that mindset we do not have healthcare in the USA.
2. Children, families and the elderly are burdened with 1.9 trillion in student debt
1/x 3. We do not have relief payments to families in the midst of a pandemic. No nationalized Payroll. No job guarantee.
4. Families are breaking up over Economic insecurity
5. We have no right by law to an education

I have come to the terrifying conclusion that you have to break a few eggs to make an omelet. This is particularly true if you are a project - oriented person. 4 years ago, the IPCC gave us 12 years. We are down to 8 years and things have only gotten worse. Still so few talk #MMT Honestly, once you make the decision... once you accept the science... climate catastrophe could lead to yet another mass extinction. We are not educating the world fast enough that we can afford to survive. Too many deniers of both climate crisis & #MMT to counter rampant idiocy

I saw a disturbing comment from someone I don't believe I ever interacted with in my life. Their comment moved me so much I believe I am going to write a series of articles about it.

Let me start with the following:

1/x 1. For 40 plus years, the neoliberal era has reigned.
During that time, people have had little by way of resistance from the lies, deceit and self imposed prisons of ineffectual domestic governance and austerity.

So the plan is always to privatize as much as possible all in the name of creating markets.

This is neoliberalism.

It can only thrive based on lies.

Based on the idea that the government is broke, in debt to foreign nations or conspiracies like the Rothschilds etc.

1/x It can only thrive as long as you believe that your "hard earned tax dollar" is paying for someone's bad decisions.

They can make the case repeatedly that we cannot afford to do nice things.

MMT is an accurate description of How our underlying operational realities work today.

So to deny how that is presents a barrier to progressive programs and services.

1/x So... yes.... if you are blocking the knowledge of how to get a progressive agenda accomplished TODAY you have placed unnecessary blockers in front of saving lives.