Scott Ferguson (@videotroph.bsky.social) Profile picture
@moneyontheleft @Superstruc @mediumfemme @GISP_Tweets #BLM #ProtectTransKids #MintTheCoin #Unis4all 🦄🌈
Jun 26, 2023 4 tweets 1 min read
This critique represents another failure of imagination. The problem is not that MMT cannot be developed, complicated or criticized. It's that critics tend to proceed without nuance, generosity or an appreciation for MMT's underlying values & stakes. 1/4
academic.oup.com/cje/article-ab… Contrary to what is claimed here, MMT is not merely a theory of Keynesian demand management that ignores structural transformation. Any MMT scholar will tell you that structural change is always at issue. 2/4
Oct 2, 2022 22 tweets 3 min read
A 🧵 about why Modern Monetary Theory's conception of money as *endogenous credit creation* radically transforms local reparations politics--& also why "But will white citizens really be willing to pay for it?" is bad leftist framing. 1/ newrepublic.com/article/167617… Today, MMT circulates in popular discourse as an approach to federal fiscal policy that says a currency-issuing govt such as the U.S. need not--& in fact does not--tax in order to finance expenditures. 2/