@kittypurrzog@jessesingal Glenna Goldis, now of the FTC, was hired to bring cases against doctors performing GAC for minors. Important guest or person to keep an eye on. Has abandoned Xing and substacking since February 3, 2026. wired.com/story/the-fede…
But throughout the whole range of history, not only is there no evidence of the existence of a metallic standard of value to which the commercial monetary denomination, the "money of account" as it is usually called, corresponds,
@RedMMT@litewhisperer@Jorge_Econopata
She understood the need for currency sovereignty. She kept the UK out of the Euro for good reason.
This proves she lied when she spoke about “taxpayer money”. She knew government was the monopoly issuer of the currency, that taxes are government money returning to government
A core proposition in #MMT is that we can always create whatever money is necessary to maintain a full employment economy. The Federal Reserve building is named after the Fed Chairman who made the same point in 1939. #MarrinerEccles
If @AndyBurnhamGM is serious about bringing the utilities back into public ownership he needs to ignore neoliberal propagandists like Lord Jim O'Neil, who was on @BBCr4today this morning peddling the lie that govts rely on the bond market. The truth is it's the bond market that relies on the govt.
Govts do NOT borrow from the bond markets. Govts sell bonds that provide a guaranteed return for the likes of insurance companies, financial institutions pension funds and super-rich individuals. It's basically a savings account for the corporate sector, or to put it another way, corporate welfare.
But the govt issues the currency, so it doesn't raise money for its spending commitments from bond sales or from taxation. When the govt spends, it simply issues an instruction to the Bank of England, which it owns, to release the necessary funds.
Govts sell bonds and impose taxation to manage inflation, amongst other things, by decreasing the overall money supply in the broader economy.
It's not the availability of money that govts need to worry about, it's the availability of real resources in the economy such as workers, infrastructure, energy, materials etc.
And finally, if anybody from @BBCr4today has read this far, why don't you invite some economists on your show like @RichardJMurphy or @ProfSteveKeen to offer an alternative to the relentless propaganda from people like Jim O'Neil, who have a vested interest in maintaining the neoliberal status quo?
45 minutes. 3 flawed arguments. 1 walkout.
I sat down to debate China’s economy. The other guy came in convinced China was heading for collapse.
Every argument I made, he had a talking point ready. None of them held up under scrutiny. All of them came straight from Western media headlines.
So after 45 minutes I had enough and left.
Then I sat down with Dom Tweed, my former student who actually lives in China today, and reacted to the whole thing on camera.
Full video link in comments.
#ChinaEconomy #SteveKeen#EconomicDebate#PostKeynesianEconomics#MacroEconomics#China
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