D.C.Murray
@t_chieftan
If we're to provide an improved standard of living to generations to come then we need to build resilience at the most local level possible and scale it up
@CarlitosMMT suggested we interview James Fishkin, and we did!
🗣️ “Deliberation cools the venom poisoning our system.” Stanford's James Fishkin joins @sdgrumbine to explore deliberative democracy, sortition, and how thoughtful dialogue can break political deadlock. realprogressives.org/mnc-podcast-ep…
Prof. Jeffrey Sachs: "Between 1945-1989, the U.S. carried out at least 70 regime change operations. The United States accused the Soviet Union of wanting to take over the world, then used that as an explanation to take over the world every other place."
Such an important point that I wish more people (including professional economists) would understand. When people warn that the market is ”flooded” with government bonds, it is also flooded with the means to buy those bonds.
A $100 government bond is issued when and only when the government spent $100 into the economy. There cannot be a lack of demand for government bonds. #LearnMMT on.ft.com/3J2qr7i
“The fixation on supply and demand curves as the primary, if not sole, determinant of allocation engenders profound misunderstandings.” By yours truly, @RealProgressUS realprogressives.org/basic-economic…
The role of intellectuals was to challenge authority, not serve it. What went wrong?
New on MMT101 Podcast: Economist Dr Steve Keen Demolishing Neoliberal Economists’ Assumptions and Beliefs: Part Two of My Chat with Dr Steve Keen Listen to the full Podcast: tinyurl.com/2mhppu88
In only 4 years in power (1983-87), Thomas Sankara Built 350 schools, roads, railways without foreign aid Increased literacy rate by 60% Banned forced marriages Gave poor people land Vaccinated 2.5 million kids Planted 10 million trees Appointed females to high…
This really opened my eyes to overcoming some of the struggles organizing around common cause presents.
🗣️ “Deliberation cools the venom poisoning our system.” Stanford's James Fishkin joins @sdgrumbine to explore deliberative democracy, sortition, and how thoughtful dialogue can break political deadlock. realprogressives.org/mnc-podcast-ep…
Why not us? Norway. Once part of Sweden. Ireland. Once part of the UK Estonia, Lithuania, Latvia. All once in the Soviet Union. Malta. Once part of the British Empire. All small nations content with their statehood. No desire to return to their former rulers. Scotland. Why not?
PS the ‘money’ IS the control. You cannot have freedom or sovereignty using a currency printed by another power i.e Westminster or Bank of England. Wake up.
It’s always worth reviewing these basic facts to boost our inoculation against economic BS. Thread.
Some basics. The US Dollar is a tax credit. It is a unit of measure. You can't run out of inches You can't run out of numbers The government can't run out of dollars... unless it purposely, politically chooses to. Thread 1/x
It’s exactly the same in the UK. We are subjected to a barrage of media gloom and doom scare stories. All designed to prepare us for more taxes, more govt cuts, more austerity, more poverty and inequality. All to protect the wealth and power of the scum on top.
This fear mongering over the US national debt is absolute garbage, emotional manipulation designed to keep people scared, infrastructure broken, and the working class begging for crumbs. The US issues its own damn currency, it can never go broke! The so-called “debt crisis” is…
"When the price of a staple good, like bread or rice, rises, consumers, facing severe budget constraints, may find themselves unable to afford more expensive substitutes (such as meat or vegetables)." #Inflation #FoodPrices #Economics @ProfDavidFields realprogressives.org/basic-economic…
1. Now it a good time to learn about Modern Monetary Theory (MMT) and why it is the only approach to economics that tells us that saving the world and the people in it is possible. Get off the "never ending growth is the aim", "we can't afford to save the planet",
"We need est. on things like spending & saving propensities across sectors, & then we need those things to be stable across a cycle. I'm extremely skeptical that they're stable. I do believe multipliers are reasonably big on direct govt. employ. programs." realprogressives.org/mmp-blog-5-res…
From David Graeber’s ‘Debt - The first 5000 years’ This passage seems analogous Thatcher’s “no such thing as society” mantra. By breaking social ties along with the related networks, in turn atomising families/individuals, humans become more readily commodified. #MMT
May everyone who felt it beneath them to learn MMT enjoy the austerity macroeconomic illiteracy foists upon us all... including our children and those incapable of fighting back. Especially to those lying liars that refer to "hard earned tax dollars" and national debt fearporn.
The shameless con of Neoliberal Austerity. 1. Pretend our currency issuing govt can go bankrupt. 2. Pretend wages, welfare and public services are now unaffordable. Meanwhile… 3. Openly funnel £100s billions of free money every year to corporations and money markets. 4. Repeat.
Doctors DON’T have a final salary pension Doctors DON’T get their exams paid for Doctors DON’T get overtime Doctors DON’T get their equipment paid for Doctors DO pay for their own training Doctors DO pay for their own stationary Doctors DO earn less now than 2008 in real terms
Will @RachelReevesMP obey instructions from the neoliberal IMF? Predictably, the IMF is peddling the myth that govt spending is paid for by taxation, which is complete bollocks. The govt issues the currency so it has access to all the money it needs. Taxation is essential to…
This tweet has probably been liked 10,000 times, only for X to remove likes and retweets over and over and over again. Why is that? Because the powers that be do not want you to understand how our nations monetary system actually works.
Some basics. The US Dollar is a tax credit. It is a unit of measure. You can't run out of inches You can't run out of numbers The government can't run out of dollars... unless it purposely, politically chooses to. Thread 1/x