#MMT

20 Beiträge11 Beteiligte1 Beitrag heute

Japan Pop News<a href="https://www.wacoca.com/news/2499381/" rel="nofollow noopener noreferrer" target="_blank">https://www.wacoca.com/news/2499381/</a> 米印、貿易協議第1段階の枠組み決定　印当局者「ウィンウィン」可能 | ロイター <a href="https://wakoka.com/tags/AMERS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AMERS</a> <a href="https://wakoka.com/tags/Asia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Asia</a> <a href="https://wakoka.com/tags/ASXPAC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ASXPAC</a> <a href="https://wakoka.com/tags/Business" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Business</a> <a href="https://wakoka.com/tags/BusinessNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BusinessNews</a> <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPBSM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPTPM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPZTM <a href="https://wakoka.com/tags/dip" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#dip</a> <a href="https://wakoka.com/tags/ECI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECI</a> <a href="https://wakoka.com/tags/eco" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#eco</a> <a href="https://wakoka.com/tags/ECON" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECON</a> <a href="https://wakoka.com/tags/EMRG" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EMRG</a> <a href="https://wakoka.com/tags/Gen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Gen</a> <a href="https://wakoka.com/tags/in" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#in</a> <a href="https://wakoka.com/tags/JFOR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JFOR</a> <a href="https://wakoka.com/tags/JLN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JLN</a> <a href="https://wakoka.com/tags/MCE" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MCE</a> <a href="https://wakoka.com/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://wakoka.com/tags/MTPIX" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MTPIX</a> <a href="https://wakoka.com/tags/NAMER" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NAMER</a> <a href="https://wakoka.com/tags/POL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#POL</a> <a href="https://wakoka.com/tags/POTUS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#POTUS</a> <a href="https://wakoka.com/tags/PXP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PXP</a> <a href="https://wakoka.com/tags/SASIA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#SASIA</a> <a href="https://wakoka.com/tags/TOPCMB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TOPCMB</a> <a href="https://wakoka.com/tags/TOPNWS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TOPNWS</a> <a href="https://wakoka.com/tags/TRACC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRACC</a> <a href="https://wakoka.com/tags/TRD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRD</a> <a href="https://wakoka.com/tags/TRF" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRF</a> <a href="https://wakoka.com/tags/TRN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRN</a> <a href="https://wakoka.com/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#US</a> <a href="https://wakoka.com/tags/wash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#wash</a> <a href="https://wakoka.com/tags/%E3%83%93%E3%82%B8%E3%83%8D%E3%82%B9" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ビジネス</a>

Japan Pop News<a href="https://www.wacoca.com/news/2498467/" rel="nofollow noopener noreferrer" target="_blank">https://www.wacoca.com/news/2498467/</a> ＥＣＢなど欧州当局、金融機関や債券市場の監視強化　流動性は維持 | ロイター <a href="https://wakoka.com/tags/ABS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ABS</a> <a href="https://wakoka.com/tags/AMERS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AMERS</a> <a href="https://wakoka.com/tags/BISV" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BISV</a> <a href="https://wakoka.com/tags/BISV08" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BISV08</a> <a href="https://wakoka.com/tags/bnk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#bnk</a> <a href="https://wakoka.com/tags/BNKS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BNKS</a> <a href="https://wakoka.com/tags/BSVC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BSVC</a> <a href="https://wakoka.com/tags/CEN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CEN</a> <a href="https://wakoka.com/tags/DBT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DBT</a> <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPBSM <a href="https://wakoka.com/tags/ECB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECB</a> <a href="https://wakoka.com/tags/eco" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#eco</a> <a href="https://wakoka.com/tags/ECON" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECON</a> <a href="https://wakoka.com/tags/EMEA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EMEA</a> <a href="https://wakoka.com/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EU</a> <a href="https://wakoka.com/tags/EUROP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EUROP</a> <a href="https://wakoka.com/tags/Europe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Europe</a> <a href="https://wakoka.com/tags/EZ" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EZ</a> <a href="https://wakoka.com/tags/Fin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fin</a> <a href="https://wakoka.com/tags/FINS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FINS</a> <a href="https://wakoka.com/tags/FINS08" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FINS08</a> <a href="https://wakoka.com/tags/FRX" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FRX</a> <a href="https://wakoka.com/tags/Gen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Gen</a> <a href="https://wakoka.com/tags/GFIN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GFIN</a> <a href="https://wakoka.com/tags/GVD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#GVD</a> <a href="https://wakoka.com/tags/int" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#int</a> <a href="https://wakoka.com/tags/INTAG" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#INTAG</a> <a href="https://wakoka.com/tags/JFOR" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JFOR</a> <a href="https://wakoka.com/tags/JLN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JLN</a> <a href="https://wakoka.com/tags/MCE" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MCE</a> <a href="https://wakoka.com/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a> <a href="https://wakoka.com/tags/NAMER" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#NAMER</a> <a href="https://wakoka.com/tags/PLCY" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#PLCY</a> <a href="https://wakoka.com/tags/POL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#POL</a> <a href="https://wakoka.com/tags/POTUS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#POTUS</a> <a href="https://wakoka.com/tags/TOPCMB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TOPCMB</a> <a href="https://wakoka.com/tags/TOPNWS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TOPNWS</a> <a href="https://wakoka.com/tags/TRD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TRD</a> <a href="https://wakoka.com/tags/TRF" class="mention hashtag" rel="nofollow 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joriki<a href="https://federated.press/@The_Icarian" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@The_Icarian</a> aggregate "debt" is net private sector financial wealth, something I don't want to eliminate <a href="https://infosec.exchange/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a>

DrALJONES2. The US "debt ceiling" isn't a real thing.The currency-issuing government can always meet liabilities denominated in its currency.And if the interest payments result in nominal expenditure exceeding the supply capacity of the economy to respond in real terms, there is no necessity to cut back on other expenditures, "because the central bank could control yields &/or the treasury could stop issuing debt."~Bill Mitchell<a href="https://billmitchell.org/blog/?p=61837" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://billmitchell.org/blog/?p=61837</a> <a href="https://mastodon.social/tags/USEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USEconomy</a> <a href="https://mastodon.social/tags/USDebt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USDebt</a> <a href="https://mastodon.social/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USPol</a> <a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> .

DrALJONES<a href="https://hostux.social/@kta" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@kta</a> There's no real dialogue unless you respond to key points made. There's no point keeping on reciting from a bible that's based on false premises.An accurate premise is that US feds never have to borrow USD to spend, bcz they bring USD into being.Do you dispute that premise?History: a pre-fiat-currency term, "debt", is still being used, misleadingly, in a post-fiat-currency situation, ie, (unnecessary) money exchange betw 2 arms of govt.Which mainly benefits rich squirrels<a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> .

DrALJONESThe US can *never* run out of USD.All Americans could have universal healthcare, housing, education, transport, etc.Resource availability is the key constraint on fed spending, not money.Strategic fed spending can lower inflation* not increase it.The US *creates* USD. Fed spending requires neither taxes nor borrowing.Debate on US deficits: Stephanie Kelton at Arizona State, April 16 (livestream 8pm ET)<a href="https://stephaniekelton.substack.com/p/my-upcoming-debate-with-stephen-moore" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://stephaniekelton.substack.com/p/my-upcoming-debate-with-stephen-moore</a>* <a href="https://www.youtube.com/watch?v=lN12lOC5qGk" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.youtube.com/watch?v=lN12lOC5qGk</a><a href="https://mastodon.social/tags/uspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#uspol</a> <a href="https://mastodon.social/tags/useconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#useconomy</a> <a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> ...2

DrALJONES<a href="https://hostux.social/@kta" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@kta</a> A bit more on fed "debt""Govts don't even need to issue bonds, debt. It doesn't finance government spending."The right pocket of govt gives a bond to the left pocket of govt."The left pocket types in some numbers & then, when the dividend, the yields, have to be paid each period, the left pocket gives the right pocket some yields."The pockets swap money again. It's just nonsensical".Bill Mitchell See from 33:00: <a href="https://www.youtube.com/watch?v=ttlm_qgiIL8" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.youtube.com/watch?v=ttlm_qgiIL8</a> <a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> .

DrALJONES<a href="https://mastodon.social/@lemonblueberry" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@lemonblueberry</a> In case of interest, more from Kelton:ted talk  <a href="https://www.ted.com/speakers/stephanie_kelton" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.ted.com/speakers/stephanie_kelton</a> audio <a href="https://www.abc.net.au/listen/programs/bigideas/stephanie-kelton-modern-monetary-theory-the-deficit-myth-mmt/103551422" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.abc.net.au/listen/programs/bigideas/stephanie-kelton-modern-monetary-theory-the-deficit-myth-mmt/103551422</a>  Documentary, Finding the money: <a href="https://findingmoneyfilm.com/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://findingmoneyfilm.com/</a> Re Musk's "discovery of currency issuing": <a href="https://stephaniekelton.substack.com/p/elon-musk-discovers-the-magic-of" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://stephaniekelton.substack.com/p/elon-musk-discovers-the-magic-of</a> <a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> .

AMonkeyInSilk 🇺🇦🇵🇸While companies should pay a fair price to use Australian resources such as minerals, household purchasing power, workforce and intellectual property it is wrong to think that they fund Australia.The federal government funds Australia through its creation of fiat currency. The federal government invests less or more through budget deficits and surpluses. <a href="https://theblower.au/tags/auspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#auspol</a> <a href="https://theblower.au/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> <a href="https://theblower.au/tags/Taxation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Taxation</a> <a href="https://theblower.au/tags/taxavoidance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#taxavoidance</a> <a href="https://theblower.au/tags/companytax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#companytax</a> <a href="https://michaelwest.com.au/corporate-tax-avoidance-who-helps-fund-australia-and-who-doesnt/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://michaelwest.com.au/corporate-tax-avoidance-who-helps-fund-australia-and-who-doesnt/</a>

Japan Pop News<a href="https://www.wacoca.com/news/2495286/" rel="nofollow noopener noreferrer" target="_blank">https://www.wacoca.com/news/2495286/</a> ユーロ圏成長率、米関税の影響は想定以上か　ＥＣＢ警戒＝関係筋 | ロイター <a href="https://wakoka.com/tags/ABS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ABS</a> <a href="https://wakoka.com/tags/AMERS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#AMERS</a> <a href="https://wakoka.com/tags/ANLINS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ANLINS</a> <a href="https://wakoka.com/tags/BISV" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BISV</a> <a href="https://wakoka.com/tags/BISV08" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BISV08</a> <a href="https://wakoka.com/tags/bnk" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#bnk</a> <a href="https://wakoka.com/tags/BNKS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BNKS</a> <a href="https://wakoka.com/tags/BSVC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BSVC</a> <a href="https://wakoka.com/tags/Business" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Business</a> <a href="https://wakoka.com/tags/BusinessNews" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#BusinessNews</a> <a href="https://wakoka.com/tags/CEN" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#CEN</a> <a href="https://wakoka.com/tags/DBT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DBT</a> <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPBSM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPTPM <a href="https://wakoka.com/tags/DEST" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#DEST</a>:NOJPZTM <a href="https://wakoka.com/tags/ECB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECB</a> <a href="https://wakoka.com/tags/ECI" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECI</a> <a href="https://wakoka.com/tags/eco" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#eco</a> <a href="https://wakoka.com/tags/ECON" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#ECON</a> <a href="https://wakoka.com/tags/EMEA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EMEA</a> <a href="https://wakoka.com/tags/EREP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EREP</a> <a href="https://wakoka.com/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EU</a> <a href="https://wakoka.com/tags/EUROP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EUROP</a> <a href="https://wakoka.com/tags/EXCLSV" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EXCLSV</a> <a href="https://wakoka.com/tags/EZ" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EZ</a> <a href="https://wakoka.com/tags/Fin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Fin</a> <a href="https://wakoka.com/tags/FINS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FINS</a> <a href="https://wakoka.com/tags/FINS08" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FINS08</a> <a href="https://wakoka.com/tags/FRX" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#FRX</a> <a href="https://wakoka.com/tags/Gen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Gen</a> <a 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Daniel LakelandI got into money creation again on Andrew's blog. Here's a link to the thread<a href="https://statmodeling.stat.columbia.edu/2025/04/05/he-cant-pay-his-bills-but-he-has-a-second-home-whassup-with-that/#comment-2395307" rel="nofollow noopener noreferrer" target="_blank">https://statmodeling.stat.columbia.edu/2025/04/05/he-cant-pay-his-bills-but-he-has-a-second-home-whassup-with-that/#comment-2395307</a>To illustrate some of the different dynamics I'm gonna give some example scenarios below. <a href="https://mastodon.sdf.org/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> <a href="https://mastodon.sdf.org/tags/Economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Economics</a>

Heinrichsgeist<a href="https://mastodon.social/@praustrian" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@praustrian</a> That sounds quite academic. Can you give a historical example where this scenario has occurred? In all examples of hyperinflation (that I know of), money printing was a reaction to an economy that was out of balance for other reasons, such as impoverishment due to a shortage of goods<a href="https://mastodon.social/@DrALJONES" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@DrALJONES</a> <a href="https://digitalcourage.social/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a>

Austrian<a href="https://mastodon.social/@DrALJONES" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@DrALJONES</a> In fact, government spending is constrained by people's attitudes toward money, not by finances or resources. If the government creates huge amounts of money to cover its huge spending, people will simply reject this kind of plunder, they will reject money. MMTers are wrong when they try to convince people that there are no pitfalls to government spending. <a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> <a href="https://mastodon.social/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://mastodon.social/tags/mmtfallacy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmtfallacy</a>

Austrian<a href="https://mas.to/@RichardJMurphy" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@RichardJMurphy</a> You write: "if we removed the government debt, there would be no government-created money in use to actually pay our tax." No. A balanced budget doesn't mean that there is no money and/or taxes. Money can be created by the market or the government, but it will still have value and can be used to pay taxes. <a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> <a href="https://mastodon.social/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a>

Austrian<a href="https://mas.to/@RichardJMurphy" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@RichardJMurphy</a> You write: "It is literally the money that's put into circulation, which gets its value because it could be used to pay tax." Money acquires value long before taxes are paid. The government accepts money because it already has value. Money gets value in the marketplace; it obeys the law of supply and demand. <a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> <a href="https://mastodon.social/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a> <a href="https://mastodon.social/tags/mmtfallacy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmtfallacy</a>

Austrian<a href="https://mastodon.social/@DrALJONES" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@DrALJONES</a> I don't need to watch the video. Fadhel Kaboub himself admits that "The risk of <a href="https://mastodon.social/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#inflation</a> remains under control so long as government spending does not outpace the economy’s real productive capacity—the availability of physical resources, skilled labor, equipment and technical know-how." And he doesn't take into account at all that people can and will reject the money, if the government goes too far with its printing press. <a href="https://denison.edu/academics/economics/wh/129585" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://denison.edu/academics/economics/wh/129585</a> <a href="https://mastodon.social/tags/mmt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#mmt</a> <a href="https://mastodon.social/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#economics</a>

Andii אַנדִֽי"... the money that is left by the government in the economy performs a number of absolutely fundamental roles ... that money is our money supply ... government debt represents ... the money that is available to pay tax. ... if we removed the government debt, there would be no government-created money in use to actually pay ... it would have to come out of our private incomes and be lent to us by our commercial banks with a significant interest charge probably" <a href="https://www.taxresearch.org.uk/Blog/2025/04/06/government-debt-need-never-be-repaid/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://www.taxresearch.org.uk/Blog/2025/04/06/government-debt-need-never-be-repaid/</a> <a href="https://mas.to/tags/MMT" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#MMT</a>

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