#LearnMMT

[myweddingsandevents]

I gotta tell you, running behind friends and allies explaining (a seemingly irrelevant issue) that we aren't sending "tax dollars" to Israel fucking sucks. They don't have time or interest to understand why it is so fucking important and defeating. Some of the most revolutionary minds online won't get it and make the shift. But here is the thing... it is wrong. Federal taxes are deleted. Shredded. Extinguished. Never re-spent. A government spent dollar is spent once into the economy, and then when it comes home as a tax, it purges reserves, and it is deleted. Destroyed. Done. Spent once. Never redistributed. Never given to a poor person nor a rich person. Gone. So when the government does something, the allure of saying tax dollars is to temper our willingness to ask for programs for the people. Healthcare, shelter, food, education, public transportation, universal public services, a job guarantee... But alas, the tax payer dollars trope serves as a permission slip to the ownership class for austerity. It's not real. The government CREATED its own currency and farmed out the accounting to their central banks, and we pretend we are drowning in debt. All by this sleight of hand that says your "hard earned tax dollars". The left is consistently led by headline Twitter personalities (who desperately need to be better!) Into austerity enhancing narratives. STOP SAYING TAX PAYER FUNDED. #LEARNMMT

[learnmmt]

[realsogan]

Demonstration brought to by steve grumbine founder of realprogressives.org

[evolutionaryrevolutionaries-blog]

Politicking with Green Congressional Candidate Dr.Rodolfo Cortes Barragan!

[medicarevideos]

Real Progressives Presents Medicare for All activist, Andy Brodock with Savage Joy

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Savage Joy welcomes activist Andy Brodock whose tragic story of the needless loss of his wife to cancer is why Americans desperately need Medicare For All. Please support Andrew in his fight.

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[dreddymd]

Tweeted

RT @mitch_shapiro: I like @CarolynMcC's idea to provide a publicly-funded base of primary care through community health centers https://t.co/kbBq36rVDo . When we #LearnMMT, its clear we can afford this investment in public health. Even more effective if… https://t.co/Lq2OypFiwY

— Eddy Bettermann 🇩🇪 (@DrEddyMD) January 31, 2018

[silas216]

http://twitter.com/silas216/status/1300773034685587456

#DefundNPR is beside the point. The real problem is that corporate media is owned by multinational corporations, and NPR is funded by wealthy foundations seeking to influence its coverage. The airwaves should belong to all of us.

— #VoteGreen2020 #LearnMMT 🌹 (@NoFascistLies) September 1, 2020

from Twitter https://twitter.com/silas216 September 01, 2020 at 07:30AM via IFTTT

[realsogan]

new piece on realprogressive.org

[realsogan]

Leftist News

[insightandexcite]

This term is incredibly important when it comes to understanding money and how it operates in the world we live in. As a crash course it means the difference between whether or not a country has control over the money it uses. This is vital to understand because countries that control their money do not have to ever worry about “running out” of it, while countries who do not do have to worry. If you can understand this, then you will start to understand why the national “debt” is not the problem they claim it is. 💰 💸 💵 💰 #political #politics #left #progressive #society #socialism #socialist #democrats #debate #democracy #republic #democrat #republicans #economics #capitalism #insightandexcite #followme #connect #talktome #letsdoit #visionary #visions #worktogether #teach #helpothers #learn #imagine #possibilities #mmt #learnmmt

[insightandexcite]

It really is this simple, but for some reason they've made it out to be as if banks somehow exist outside the legal framework of governments and they are the end-all/be-all of money. They've done that for a reason. But here's the thing, money is called legal tender because it exists based in laws and who passes the laws? The government. In the same breath someone who claims to know econ will say that we can't afford to pay for things and then say that the government is going to "print" us into oblivion by just making too much money. Which is it? Because I'm pretty sure the government makes the money, and if they make the money, then why would they need to borrow it from other countries or tax us first in order to spend? Hmmmm #learnmmt because #mmt is how we get a better country and a better world.

[insightandexcite]

Just curious why when it comes to certain things, like surgery, you want the best people with the best equipment and the most up to date training, but when it comes to economics you'd rather listen to people who stopped searching for answers 45 years ago. 45 years is how long it has been since we left the gold standard, and you'd be crazy to think that the rules of the game didn't change when we fundamentally changed our money, yet most prominent economists still act like we need to worry about things that stopped mattering 45 years ago. It's vitally important that we abandon outdated modes of thinking. #mmt is key, #learnmmt

[insightandexcite]

Think of it this way. Who makes the money? Would there be US dollars without the US government? Not at all. When people talk about our "debt" to China is that because China prints US currency and uses it to buy bonds? Not at all. Did you know that 100+ years ago banknotes were not US currency but instead each bank or system of banks would issue their own kind of currency. This caused repeated financial panics because there was no single currency moving through the system, so you could take your Chase Bank currency somewhere and not be able to use it or exchange it for what it was supposed to be worth. So, knowing all of this, where does the money originate? The government. Period. Banks now issue currency denominated as US money, but the originator of dollars is still the federal government. So if the government creates the money, how could they ever run out? There are other concerns to take into mind, but the fact is that they cannot ever run out. Thus the federal government can never go broke. So, to bring this back around, if anything you are reading or anyone you are talking to insists that the government is going broke, then they either don't know what they are talking about, or they're lying to you to support their political aims. The more you know! 😉 #mmt is the key. #learnmmt and you'll know what im talking about

[insightandexcite]

This is key to understanding why we keep having recessions and slow growth. As long as you demonize public investments and refuse to make them (i.e. Government spending) then the ONLY way to grow is for people and businesses to borrow from banks or even more unscrupulous lenders. Which is okay at first, but that money has to be paid back with interest, so the more debt we accrue the closer we come to the point of not being able to pay those debts and you either get a recession or things collapse and you get a depression. It isn't rocket science but because they work to make economics seem boring and difficult most people just zone it out. However, if you want to fix the ills of the world, then you need money, so take the time to #learnmmt because #mmt will inform you enough to know when you're being bullshitted into poverty and suffering.

[insightandexcite]

Try not to fall out of your chair but money is made up by mankind. We invented it. It isn't "real." So here's where the challenge comes in. Are you going to freak out and cry about how we need to restrict our spending by tying our hands and acting like something made up is somehow limited? Or are you going to realize that money for entities that create it is an unlimited resource and maybe, just maybe, we can use it to better our lives without hyperventilating over imaginary bullshit? #learnmmt please! #mmt is currency analysis.