BRICS
Learn #MMT
Warren Mosler
(http://www.collectedworksofwarrenmosler.com/)
Randall Wray
Randall Wray: Dirua hasiberrientzat
Randall Wray: Egin al dezakegu diruak guretzat lan egin dezan?
Randall Wray:
Jadanik aipatuak:
Randall Wray: dirua hasiberrientzat (elkarrizketa)
“Whaever is doable is financially affordable”, alegia, “Egingarria den edozer eskuragarria da finantzen aldetik.”
Randall Wray: nola MTM-k mundua salba dezakeen (elkarrizketa)
“Whar matters is resoursez, not money”, alegia, “Axola duena baliabideak dira, ez dirua.”
Hona hemen informazio pixka bat gehiago:
a) Randall Wray: Nola MTM-k mundua salbatu dezakeen
b) Randall Wray: MTM hasiberrientzat. Politikari baten gida
Segida MTMz:
Warren Mosler, 1996
Comments on the Current U.S. Budget Debate
(https://www.epicoalition.org/docs/comm.html)
The assumptions underlying the current budget debate are erroneous….
It is only after the deficit begins to expand again that the economy recovers. The historical correlation is 100%….
Contrary to general perception, fiat money is driven by the fact that taxpayers need the government’s money to pay their taxes. … so it can obtain the real goods and services it desires via the spending of its currency.
…. Treasury spending is a reserve add. Selling securities, by the Fed or Treasury, is simply a reserve drain, a monetary operation. This underlies the empirical evidence that nations can run any debt ratios they want, in their own fiat currencies, and still “fund the debt.”
How large a deficit is prudent? …., the government could offer a job to anyone who wanted one, at some minimum rate of pay deemed appropriate, and let the deficit float. This would end unemployment and unemployment compensation, eliminate the need for minimum wage laws, and promote price stability,…
The Federal debt is all the money spent but not taxed. …
The current budget debate is based on erroneous assumptions. Washington does not understand fiat money. Until it does, efforts to reduce the deficit will continue, and the economy will continue to underperform.
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Randall Wray (segida)
Randall Wray: Diruak guretzat funtziona dezan eginez (3)
Gehigarriak:
Randall Wray: Diruak guretzat funtziona dezan eginez (1)
Randall Wray: Diruak guretzat funtziona dezan eginez (2)
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Segida:
I’ve come to the conclusion that America today is the living manifestation of “Universe 25”. Russia is not. Unless we change course, and get back to basics, we’re screwed. Russia wins by default—meaning that they’re not even trying to win. We’re just losing on our own.
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One thing I am grateful for is how the US war on Russia has revealed fully the cowardly and treacherous nature of the Labour Party leftists. Here’s Ian Lavery, a former miner, pledging his loyalty to US imperialism and thus betraying the miners of Donbas who were the first to to resist the 2014 fascist coup sponsored by US imperialism. Lavery is treacherous swine, worse than any Tory because he is able use his working class credentials to serve imperialism behind a veneer of leftist language. https://shop.thecommunists.org/product/neo-nazi-natos-proxy-war-against-russia/ The real story of Ukraine is much darker, and detailed here. Get hold of a copy.
(Zenbat daude horrelakoak Euskal Herrian?)
Aipamena
Ukraine Solidarity Campaign@UkraineSol
ira. 11
Message from @IanLaveryMP, former mineworker and @NMineworkers member, sending greetings to #TUC23 and calling for “maximum support” for Ukraine and its working class and unions. Ian has been to Ukraine and has strong links with miners’ unions there. #StandWithUkraine
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Seyed Mohammad Marandi@s_m_marandi
There are still no adequate explanations about 9/11. Al-Qaeda never had the sophistication to plan and carry out such a complex operation by itself. How is it that only a decade after 9/11, the US would cooperate with Al-Qaeda in both Libya and Syria. It doesn’t make sense.
ira. 14
Former NATO Supreme Allied Commander Wesley Clark on how the US planned to “take out” 7 countries in 5 years
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Black in the Empire@blackintheempir
How NATO sounds when they claim to not be part of this war
“Look, I just gave him the gun, taught him how to use it, told him where they lived, gave them a picture and told him what time person who got killed would be home, but I had nothing to do with the murder.”
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Canada spent $347 million (in 2011 dollars) to participate in NATO’s destruction of Libya. Canada is spending a paltry $5 million (in 2023 dollars) to aid Libyans in their moment of dire need. That, in a nutshell, is the “rules-based international order”. #cdnpoli #Libya
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The US Government has no sanctions left to “Punish” North Korea with if it sends weapons to Russia, They have instead threatened to open a U.S. Embassy in Pyongyang, with Victoria Nuland as Ambassador.
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My family’s lineage traces back to Scottish-Irish immigrants who arrived on American shores in the 17th century. My relatives have fought honorably in every American war since the Revolution. My Grandfather flew with Eddie Rickenbacker in WW1, and one Uncle fought Nazis in Europe. Fighting Germans is a tradition in my family. Don’t let my last name confuse you, Soi Boi…I’m as American as one can get. And while I advocate for peace, I won’t hesitate to fight. Like I said…kicking the crap out of Germans runs in my blood.
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German authorities forbid media to talk about a huge anti-NATO protest in Magdeburg.
Germans are protesting against the country’s pro-NATO policy, the supply of weapons to Ukraine and the restriction of civil liberties.
The largest protest action of this year in Germany is taking place in Magdeburg today, with the number of participants, according to various estimates, ranging from 20,000 to 80,000 participants.
The entire square and surrounding streets are filled with peaceful protesters. The stands of the German aKiZ “Alley of Angels” and “Children Need Peace” attracted the attention of many people, they carefully examine photos of children who died due to NATO wars, including in Ukraine.
Here is what the opposition German publications write: “The state media will say that a hundred far-right Putinists have gathered. But we see that many thousands of thinking Germans have gathered in Magdeburg!”
But it will no longer be possible to hide information. Hundreds of videos and photos from the event have been posted on social networks.
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Nikita Vasilenko, a Ukrainian University Professor and a Doctor of philosophy openly suggests the British will be best placed to to “deal” with the people of Crimea as they have expertise in the operation of concentration Camps
This is what NATO is funding. This is the reality
Bideoa, hemen: https://twitter.com/i/status/1703149778962465083
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Deep state explained: “Presidents come and go, but the politics don’t change.
You know why?
When a person is elected, then people with suitcases come, dressed in dark suits like mine and begin to explain how things have to be done.
And everything changes immediately.”
Bideoa, hemen: https://twitter.com/i/status/1703073739246625120
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The Ukraine war has revealed that Western “values” — US and European — are a mere façade. What we want is to give orders to others, reestablish colonialism all over the planet. Democracy and human rights are values that we do not practice at home.
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Russian rescuers in Libya Earlier, the country experienced a flood of terrifying proportions. According to the latest data, about 11 thousand people died as a result of the disaster and several thousand more are listed as missing. On behalf of Vladimir Putin, several planes with rescuers, doctors and airborne hospitals were sent to Libya.
Today the third special flight from Russia arrived in Libya.
Bideoa, hemen: https://twitter.com/i/status/1703114491246805256
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Our quasi-religious belief that we are the “good guys” and that we have a mission fails to take into account that other countries also perceive themselves as the “good guys” and have reason to see us as the “bad guys”, e.g. because Vietnam, Afghanistan, Iraq, Libya.
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Russian Embassy, UK@RussianEmbassy
#Zakharova on Human Rights Watch report on children’s rights in the USA: The US remains the only UN member-state which failed to ratify the Convention on the Rights of the Child while it cynically employs children’s issues to discredit other nations and exert pressure on them.
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MUAMMAR GADDAFI’S, LIBYA ‘S FORMER PRESIDENT, LAST FORMAL SPEECH.
“In the name of Allah, the beneficent, the merciful… For 40 years, or was it longer, I can’t remember, I did all I could to give people houses, hospitals, schools, and when they were hungry, I gave them food. I I even made Benghazi into farmland from the desert, I stood up to attacks from that cowboy Ronald Reagan, when he killed my adopted orphaned daughter, he was trying to kill me, instead he killed that poor innocent child. Then I helped my brothers and sisters from Africa with money for the African Union.
I did all I could to help people Understand the concept of real democracy, where people’s committees ran our country. But that was never enough, as some told me, even people who had 10 room homes, new suits and furniture, were never satisfied, as selfish as they were they wanted more. They told Americans and other visitors, that they needed “democracy” and “freedom” never realizing it was a cut throat system, where the biggest dog eats the rest, but they were enchanted with those words, never realizing that in America, there was no free medicine, no free hospitals, no free housing, no free education and no free food, except when people had to beg or go to long lines to get soup.
No, no matter what I did, it was never enough for some, but for others, they knew I was the son of Gamal Abdel Nasser, the only true Arab and Muslim leader we’ve had since Salah-al-Deen, when he claimed the Suez Canal for his people, as I claimed Libya, for my people, it was his footsteps I tried to follow, to keep my people free from colonial domination – from thieves who would steal from us.
Now, I am under attack by the biggest force in military history, my little African son, Obama wants to kill me, to take away the freedom of our country, to take away our free housing, our free medicine, our free education, our free food, and replace it with American style thievery, called “capitalism” ,but all of us in the Third World know what that means, it means corporations run the countries, run the world, and the people suffer.
So, there is no alternative for me, I must make my stand, and if Allah wishes, I shall die by following His path, the path that has made our country rich with farmland, with food and health, and even allowed us to help our African and Arab brothers and sisters.
I do not wish to die, but if it comes to that, to save this land, my people, all the thousands who are all my children, then so be it.
Let this testament be my voice to the world, that I stood up to crusader attacks of NATO, stood up to cruelty, stoop up to betrayal, stood up to the West and its colonialist ambitions, and that I stood with my African brothers, my true Arab and Muslim brothers, as a beacon of light.
When others were building castles, I lived in a modest house, and in a tent. I never forgot my youth in Sirte, I did not spend our national treasury foolishly, and like Salah-al-Deen, our great Muslim leader, who rescued Jerusalem for Islam, I took little for myself…
In the West, some have called me “mad”, “crazy”, but they know the truth yet continue to lie, they know that our land is independent and free, not in the colonial grip, that my vision, my path, is, and has been clear and for my people and that I will fight to my last breath to keep us free, may Allah almighty help us to remain faithful and free.”
– Muammar Gaddafi.
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Thousands hold protest in Prague, demand Czech’s pro-Western govt. resign
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Geoffrey M. Young@GeoffYoung4KY
“Ukraine aid is being pocketed & spent on yachts.”
Aipamena
Gabe@GabeZZOZZ
ira. 16
American tourists in Monte Carlo were shocked to see how many yachts the Ukrainians have bought since the war started It’s for “freedom and democracy”, Biden said while sending billions of dollars to one of the most corrupt countries in the world
Bideoa, hemen: https://twitter.com/i/status/1703044924059316453
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“He went to war to prevent NATO enlargement” Actually crazy to think that they could have prevented all of this, in a very simple way.
Bideoa, hemen: https://twitter.com/i/status/1703080744778686682
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The President of Lithuania did not know that his wife worked as a war correspondent in Donbass. A scandal in the Lithuanian government threatens to result in the resignation of President Gitanas Nauseda. As local journalists learned, his wife Dalia Nauseda has been running an anonymous military blog on the territory of the Donetsk People’s Republic since 2018, in which she supports the desire of the people of this republic to become part of Russia. The reason for the scandal was an article published in the newspaper Lietuvos rusofobas, which published more than 20 photos of the wife of the President of Lithuania with the leaders of the DNR and LNR, as well as military intelligence officers and PMC “Wagner” fighters. The authors of the article claim that Dalia Nauseda is the only author of the anonymous telegram channel “OD SLOBODY pre DNR! Z”, which informs about military activities on the territory of the republic. The channel has more than 20,000 followers and regularly collects funds for the purchase of quadcopters for DNR fighters and humanitarian aid for the people of Donetsk. The Lithuanian president said he did not know about his wife’s hobbies and is sure she is traveling to Brussels on business.
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The good thing about this European Council of Foreign Relations article is that it says the quiet parts out loud: https://ecfr.eu/article/the-end-of-germanys-china-illusion/
For instance it describes how the German government will “need to weigh up whether Chinese electric vehicles should be regarded as a threat to German competitiveness and deploy anti-subsidy measures, as suggested by European Commission president Ursula von der Leyen.” => Everyone who was paying attention knew this already but it confirms the subsidies excuse is just that, a bullshit excuse. The fundamental reason is to prevent stronger competitors from getting in the market, which they hilariously describe as protecting “German competitiveness” when it’s exactly the contrary, it’s protecting Germany’s lack of competitiveness! And hampering it from getting better, which is what happens when you distort competition (the Chinese car industry got so strong BECAUSE it welcomes foreign car companies in its market!).
Other example, the article says Germany “will require a decent narrative to justify ripping out freshly installed Chinese telecommunications kit from 5G networks”. Again proving the decision is taken for unspeakable purposes (like maybe pleasing the Americans) and you need to bullshit the public about it…
All in all, you’d have thought the “European Council of Foreign Relations” would be a bit more thoughtful than this. The article doesn’t even make logical sense. It starts out by describing how Germany has been “a massive beneficiary of China’s economic development” but because of “the new global economic reality – in which geopolitics is back with a vengeance” (they don’t go into too much details on what they mean by this…) it needs to say goodbye to this and find all sorts of excuses to justify it
Let’s just say that the depth of the strategic thinking here is quite reflective of Europe today: dumb and dumber.
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“We are always preparing additional aid packages for Ukraine”
So, if Ukraine is “Winning” why do “we need to be always preparing additional aid packages for Ukraine”
Bideoa, hemen: https://twitter.com/i/status/1703144984734507340
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“Doctor Strangelove” or how @BorisJohnson learned to love the bomb. Winston Churchill once quipped that a fanatic is someone “who can’t change his mind and won’t change the subject”. Behold @BorisJohnson and his article in the
@spectator magazine, captivating in its bluntness
Read in full: https://mid.ru/ru/press_servi
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George Galloway@georgegalloway
Bathhouse Barry Obama Joe Biden and Hillary Clinton destroyed #Libya murdered it’s leader slaughtered it’s people and imposed Islamist fanatic chaos upon them. They blew it’s bloody doors off. Now #Obama has the GALL to show up to the scene of his crime and ask for YOUR money to help the country he ruined. Breathtaking.
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Peak liberal interventionism. Bomb a sovereign country which was able to protect its citizens (and offer a pretty high standard of living.) Let it become a failed state Watch said country be unable to protect its citizens Give money to charities & NGOs to help
Aipamena
Barack Obama@BarackObama
ira. 15
If you’re looking to help people impacted by the floods in Libya, check out these organizations providing relief: twitter.com/obamafoundatio …
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erabiltzaileari erantzuten
I’ve been making this point from the start. The U.S. will burn through a Brigade every 2-3 days. The entire deployed force in Europe would be depleted in less than two weeks, assuming we can keep them supplied with fuel and ammunition, which we can’t. A war in Europe is suicidal.
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As UN rapporteur I issued press releases on world democracy day 15 September. Today I continue to denounce the democracy deficits in the US, UK, France, Germany, Italy, etc. We live in a Brave New World of cognitive dissonance.
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Our discussion with Jeffrey Sachs: The US efforts to strangle the Chinese economy and reassert global hegemony https://youtube.com/watch?v=2LfytAPBx6Q
Bideoa, hemen: https://twitter.com/i/status/1703264962095751409
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Lavrov: no matter what the United States says, they are managing the war in Ukraine, supplying weapons, ammunition, intelligence – they are waging a war against us.
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Wow this is even better, the author of this demented article , Janka Oertel, is running as a candidate for the EU parliament, with the German Green party (of course)…
Which is immensely ironical because check out what she writes in the article: “German decision-makers will have to consider whether they should reduce their dependence on Chinese green technology products because that enhances autonomy, is good for German industry, and prevents complicity in human rights violations – even if that comes at the cost of temporarily slowing down the green transition.
” Literally: we should prioritize the new cold war on China over the green transition. And she’s running on a Green ticket!
Absolutely unreal but that’s the German Green party for you
Aipamena
Arnaud Bertrand@RnaudBertrand
22 h
The good thing about this European Council of Foreign Relations article is that it says the quiet parts out loud: https://ecfr.eu/article/the-end-of-germanys-china-illusion/
For instance it describes how the German government will “need to weigh up whether Chinese electric vehicles should be regarded as a threat (Ikus goia aipatutakoa)
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NATO Secretary General: “Ukraine will disappear if it stops the war”
Absolutely right. Ukraine will stop the war and disappear, because the Ukrainian army of the USA and NATO will be defeated and destroyed by the Russian Armed Forces. https://t.me/vicktop55/17104
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Nazis in Ukraine? :
What Nazis?
Aipamena
Brian Berletic@BrianJBerletic
ira. 15
Ukrainian Nazism hidden in plain sight. The US and rest of NATO continue to arm and fund a proxy regime that includes at its highest levels Nazis and their collaborators… twitter.com/aaronjmate/sta …
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“They are waging war against us” – Lavrov about the USA. Probably for the first time so directly and at such a high level.
Everyone knows this and everyone sees it, now what?
Bideoa, hemen: https://twitter.com/i/status/1703337063074955399
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AFU losses
The statement by the Poltava military commissar that the Ukrainian Armed Forces lost 80-90% of those recruited last fall caused a lot of noise. When Ukrainians learn the whole truth about this war, many heroes and idols will become traitors/enemies. It is already clear to everyone that many functionaries of the Office of the President make money from blood, and the mobilization of the sick is a necessary measure, since there are simply no healthy people left in the country. Now information about losses has become public, and the figure of 80% seems simply catastrophic, but that is the reality of war.
The realities of the war are that the Ukrainian army of the USA and NATO will simply be destroyed, no matter how much more cannon fodder the Ukrainian Nazis send to slaughter. https://t.me/vicktop55/17086
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Snowden was released on this day 7 years ago (2016). #ShaileneWoodley #JosephGordonLevitt – #OliverStone http://mymoviepicker.com/film/snowden-1
The consensus among policymakers in Washington is to push for endless conflict, no matter how many Ukrainians die in the process. As long as Russia loses men and material, the effect on Ukraine is irrelevant.
Ukrainian victory was never the goal....
(US senator Lindsey Graham)
Bideoa, hemen: https://twitter.com/i/status/1703367468016644140
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On this day in 1939, the Soviet Union joined Hitler’s invasion of Poland in line with the Molotov-Ribbentrop Pact. This alliance destroyed the continent, brutally killing and subjugating millions. For many of us, the end of WW2 did not bring an end to Soviet terror.
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erabiltzaileari erantzuten
Spoken like the Latvian Nazi you are.
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27 million Russians died defeating the last Nazi regime in Europe. Did you really think they were going to allow a second Nazi regime directly on their border? #UkraineRussiaWar #ukrainewar #UkraineRussianWar #Russia
Bideoa, hemen: https://twitter.com/i/status/1703379214634762284
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You want to talk about Treaties signed with Hitler , let’s do it . Latvia you say : so what’s this treaty your country signed in July of 1939 before the USSR did . Can you see Poland on this list ? I can
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George Galloway@georgegalloway
“Viktor Orbán is far more pragmatic and he’s far more supportive of his own populace and their own sovereignty and self-determination. We don’t have many leaders like Orbán in Europe. We seem to have become subsumed into this sort of EU Supranational superstate.”
You can watch the whole of the latest #No2Nato #No2War broadcast featuring Lucy, George Szamuely and Dr Fred M’membe via my YouTube channel here: https://youtube.com/watch?v=B8YMCU
Bideoa, hemen: https://twitter.com/i/status/1703416190322839593
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Many countries in the Global South have denounced the International Criminal Court as a neocolonial institution, biased in favor of the West. Its leadership has been dominated by Europeans, and as of 2016, only Africans had been brought to trial at the court.
geopoliticaleconomy.com/2023/03/29/us-
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Wait! What? The US imported almost $1 billion of fertiliser from Russia this year (Jan-Jul). And that’s a record! Food security for the US is amazing. Hypocrisy even more so.
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In #Hungary, we believe that the key to solving our #demographic problems is not migration, but supporting Hungarian #families . Since 2010 the per capita income of families with children has doubled, and the per capita income of families with more than one child has tripled. In Hungary, not only does the amount of joy increase together with the number of children, but also people’s annual income.
Bideoa, hemen: https://twitter.com/i/status/1703426828734480843
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NATO Secretary General Jens Stoltenberg, confirms that Russia invaded Ukraine to prevent NATO expansionism. – Also, Stoltenberg recognises that NATO could have prevented the war by ending its expansion and abiding by the 1997 NATO-Russia Founding Act.
Bideoa, hemen: https://twitter.com/i/status/1703441508517413015
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Je vous invite à visionner cette vidéo qui présente la solution que vous évoquez, comme un plan B, le plus crédible possible, mais avec l’objectif de servir de levier pour mieux asseoir un plan A, qui lui-même repose notamment sur une du déficit public.
Warren Mosler Plan A + Plan B
Economist Warren Mosler describes his solution to the Italian / EU crisis in terms of Plan A and Plan B
Bideoa: https://youtu.be/7wEoiy5rB08
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Warren Mosler on MMT: A Misunderstood
Key insights
Foundations of Modern Monetary Theory
- ? Warren Mosler is the founding father of Modern Monetary Theory (MMT), an increasingly popular but controversial theory on money, currency, and unemployment.
- ? MMT is a full theory of macroeconomics that covers various aspects such as money, taxes, unemployment, and inflation.
- ?ᄌマ The tax liability is the basis behind the whole system of government provisioning, as it provides the means for the government to transfer real goods and services from the private to public domains.
- ? Mainstream economic theories lack a clear explanation of where the price level comes from, while MMT provides a framework that identifies the government as the determinant of inflation and price level changes.
- ? According to Warren Mosler, in Modern Monetary Theory (MMT), the only two things people can do with money is either pay taxes or save it.
- ? The two reasons for the economy at the macro level are to pay taxes or to save, and the net financial assets in the economy are the dollars spent by the government that have not yet been used to pay taxes.
- ? “You want to start a government from scratch start with the tax liability because that will give your currency value.”
- ? MMT is a framework for analyzing the monetary system, not a policy, and understanding it can prevent damage to the population.
Implications and Applications of Modern Monetary Theory
- ? The concept of a job guarantee, where there are always available jobs that pay in a specific currency, can help prevent inflation and provide stability in the economy.
- ? Unemployment is a significant loss of real wealth, with the losses from unemployment in one year potentially surpassing the losses from all wars in history combined.
- ? “You want to have maximum output and the first thing you do is you gotta have everybody working to get maximum output, anybody not working represents a lost output.”
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What is the relevance of #MMT today? Modern Monetary Theory (MMT) White Paper – UK
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Modern Monetary Theory (MMT) White Paper
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Rafel Carretero@RafelCarretero
Do governments need tax money before they spend?
No, governments must spend their currency before they can collect it in taxes.
Angela Davis UCLA unibertsitatean
Daniel Kuehn@D_Kuehn
abu. 12
In light of developments in Florida and West Virginia around academic freedom, I thought I’d share a new working paper of mine: “A purge of bigots is more important than one of Communists”: Robert Singleton, James M. Buchanan, and Angela Davis at UCLA
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4539266