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Beiträge, die mit mmt getaggt sind

C'mon people, pls learn about the fact that the US can *never* run out of USD.

All Americans could have universal healthcare, housing, education, transport, etc. And such strategic fed spending can actually lower inflation, not increase it*

Debate: Is reducing the national debt a fiscal priority?

Stephanie Kelton at Arizona State, April 16 (livestream at 8 pm ET)

* https://stephaniekelton.substack.com/p/my-upcoming-debate-with-stephen-moore

https://www.youtube.com/watch?v=lN12lOC5qGk

#USEconomy #mmt #uspol #filmfindingthemoney #thedeficitmyth .

My Upcoming Debate with Stephen Moore

Should the federal government make reducing the national debt a fiscal priority?
Stephanie Kelton (The Lens)
#uspol #mmt #useconomy #filmfindingthemoney #TheDeficitMyth

Bank of England

The "govt creates new money... when it undertakes expenditure, rather than spending being financed by taxation from, or debt issuance to, the private sector".

https://www.ucl.ac.uk/bartlett/public-purpose/publications/2022/may/self-financing-state-institutional-analysis

#mmt #usfed .

The self-financing state: An institutional analysis

This paper is an institutional analysis of government expenditure, revenue collection and debt issuance operations in the United Kingdom.
UCL Institute for Innovation and Public Purpose
#mmt #USFed

Friday's blog post (14/03) is now posted (12:37 EAST) - Episode 12 (S2) of the Smith Family Manga is now available – Mrs Boff is called in! - https://billmitchell.org/blog/?p=62430 #mmt
Season 2 promotional graphic for Episode 12
#mmt

Thursday's blog post (13/03) is now posted (14:39 EAST) - Tariffs and more - Part 1 - https://billmitchell.org/blog/?p=62428 #mmt
#mmt

Monday's blog post (10/03) is now posted (16:14 EAST) - Five years into a pandemic and fiscal fictions have left space for nonsense to propagate - https://billmitchell.org/blog/?p=62412 #mmt
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Thursday's blog post (06/03) is now posted (16:53 EAST) - British government spending cuts will probably increase the fiscal deficit and make the 'non negotiable' fiscal rules impossible to achieve - https://billmitchell.org/blog/?p=62410 #mmt
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Monday's blog post (03/03) is now posted (15:16 EAST) - Britain can easily increase military expenditure while increasing ODA to honour its international obligations - https://billmitchell.org/blog/?p=62391 #mmt
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Thursday's blog post (27/02) is now posted (11:05 EAST) - Fiscal policy must be the tool of choice to respond to major climate related calamities - BIS - https://billmitchell.org/blog/?p=62388 #mmt
#mmt

Monday's blog post (24/02) is now posted (16:50 EAST) - The Left has created the swing to the Right - some reflections - https://billmitchell.org/blog/?p=62387 #mmt
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Monday's blog post (17/02) is now posted (13:19 EAST) - Britain and its fiscal rule death wish - https://billmitchell.org/blog/?p=62361 #mmt
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Friday's blog post (14/02) is now posted (09:41 EAST) - Episode 11 (S2) of the Smith Family Manga is now available – intergenerational tensions arise within the Smith household - https://billmitchell.org/blog/?p=62359 #mmt

#mmt

Thursday's blog post (13/02) is now posted (13:01 EAST) - ECB should take over and repay all the joint debt held by the European Commission after the pandemic - https://billmitchell.org/blog/?p=62355 #mmt
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Monday's blog post (10/02) is now posted (14:55 EAST) - Economics as politics and philosophy rather than some independent science - https://billmitchell.org/blog/?p=62352 #mmt
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Thursday's blog post (06/02) is now posted (14:25 EAST) - The decline of economics education at our universities - https://billmitchell.org/blog/?p=62349 #mmt
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Monday's blog post (03/02) is now posted (13:49 EAST) - Germany's sectoral decline and its obsession with fiscal austerity - https://billmitchell.org/blog/?p=62339 #mmt
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Thursday's blog post (30/01) is now posted (13:57 EAST) - The Case of the Missing Report - Part 2 - https://billmitchell.org/blog/?p=62325 #mmt
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Wednesday's blog post (29/01) is now posted (15:24 EAST) - Australia - inflation continues to fall and the RBA should cut interest rates - https://billmitchell.org/blog/?p=62327 #mmt
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Monday's blog post (27/01) is now posted (16:10 EAST) - The Case of the Missing Report - Part 1 - https://billmitchell.org/blog/?p=62317 #mmt
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Thursday's blog post (23/01) is now posted (06:37 Manila Time) - Field trip to the Philippines - Report - https://billmitchell.org/blog/?p=62312 #mmt
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Monday's blog post (20/01) is now posted (12:05 EAST) - ECB research shows that interest rate hikes push up rents and damage low-income families - https://billmitchell.org/blog/?p=62308 #mmt
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Monday's blog post (13/01) is now posted (12:59 EAST) - Fake news is not just the practise of the Right - https://billmitchell.org/blog/?p=62292 #mmt
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Thursday's blog post (09/01) is now posted (17:48 EAST) - Shifts in societal attitudes towards well-being mean that a degrowth strategy does not necessarily have to be political suicide - https://billmitchell.org/blog/?p=62286 #mmt
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Wednesday's blog post (08/01) is now posted (13:59 EAST) - Underlying inflation in Australia continues to decline - https://billmitchell.org/blog/?p=62279 #mmt
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Monday's blog post (06/01) is now posted (12:50 EAST) - Bank of Japan research refutes the main predictions made by economists about the impacts of large bond-buying programs - https://billmitchell.org/blog/?p=62277 #mmt
#mmt

Sunday's blog post (29/12) is now posted (17:29 EAST) - My blog has gone on holidays - https://billmitchell.org/blog/?p=62274 #mmt

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Monday's blog post (23/12) is now posted (16:56 EAST) - The Japanese government is investing heavily in high productivity sectors and revitalising regions in the process - https://billmitchell.org/blog/?p=62273 #mmt
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Thursday's blog post (19/12) is now posted (18:30 EAST) - Australian government announces a small shift in the fiscal deficit and it was if the sky was falling in - https://billmitchell.org/blog/?p=62267 #mmt
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Here is why budget deficits in the US are bad:

Because Republicans understand money. They create money to help their constituents - the rich.

When Democrats are in office Republicans drive deficit fear to convince Democrats not to help their constituents - the public - which hurts them in elections.

PS Same for the UK.

#MMT
#mmt

Friday's blog post (13/12) is now posted (12:32 EAST) - Episode 9 (S2) of the Smith Family Manga is now available - the Prime Minister embarrasses himself - https://billmitchell.org/blog/?p=62248 #mmt

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Thursday's blog post (12/12) is now posted (16:43 EAST) - British Labour Government is losing the plot or rather is confirming their stripes - https://billmitchell.org/blog/?p=62243 #mmt
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Wednesday's blog post (11/12) is now posted (13:51 EAST) - The federal government would sack the RBA Board and Governor except it is too busy jumping at its own shadow - https://billmitchell.org/blog/?p=62240 #mmt
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Thursday's blog post (05/12) is now posted (17:42 EAST) - The concept of degrowth remains underspecified - reform or revolution? - https://billmitchell.org/blog/?p=62231 #mmt
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Wednesday's blog post (04/12) is now posted (12:34 EAST) - Australia national accounts - government expenditure saves the economy from recession - https://billmitchell.org/blog/?p=62214 #mmt
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Monday's blog post (02/12) is now posted (17:18 EAST) - Austerity cultist Kenneth Rogoff continues to bore us with his broken record - https://billmitchell.org/blog/?p=62207 #mmt
#mmt

'The reason we’re in crisis is not because policymakers have been ignoring the advice of orthodox economists, but because they have been following it'...

If you're intrigued by Modern Monetary Theory (MMT), then Dougald Lamont's blog post exploring why MMT is descriptive of the contemporary economy, not a prescription for its reform, will be worth reading (although it might take you a while to work your way through it).

#economics #MMT

h/t @Oxymetheus

https://dougaldlamont.substack.com/p/if-mmt-is-wrong-why-is-it-so-much

If MMT is wrong, why is it so much better at predicting the economy - and economic disaster?

The reason we’re in crisis is not because policymakers have been ignoring the advice of orthodox economists, but because they have been following it.
Dougald Lamont (Dougald Lamont’s Substack)
#economics #mmt @Oxymetheus

Thursday's blog post (28/11) is now posted (16:39 EAST) - Japan's new proposed national strategy has to overcome the domination of imported neoliberalism - Part 1 - https://billmitchell.org/blog/?p=62205 #mmt
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Monday's blog post (25/11) is now posted (16:23 EAST) - COP29 another Cop Out by the world's richest nations - https://billmitchell.org/blog/?p=62195. #MMT
#mmt

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