@ninaturner Thank you for the continued advocacy, Nina, but it's "public money" not tax dollars. The sooner you and yours learn and apply #MMT to issues of how we "pay for" things at the federal level (hint: it's never w/tax dollars) the better we can fight against capitalism/neoliberalism.
@kas0966@ellymelly The govt creates the money, owns the money. It allows banks to also create money/loans on it's behalf.
There is no sense in which the govt borrows money from the banks.
#MMT
@EdKrassen It’s not debt. We can lower the interest rate to near zero and the deficit(Not debt) doesn’t matter. #MMT the deficit is money in the private sector. To remove it will hurt the economy. You need to understand MMT. Otherwise you are acting like politicians who use the deficit as a…
@Koebina@DavidjoyAd1 MMT advocates are immune to facts. We have similar issues here in the US. The huge Yen depreciation threatens the "debt-is-free" narrative of US #MMT folks. So they're now busy trying to shift debate away from Japan's debt pile to whether the Yen decline is a "crisis." Hopeless.
@Jenny_1884 Taxes do not pay for government spending, including pensions. They are gaslighting us; this is a political decision.
People should read about Modern Money Theory
#MMTmmt.works/mmt-taxes-do-n…
Inflation Japan und Bankenkriese in den USA. Für den Fall der Fälle. Kauft #Bitcoin und ein bißchen Gold! Sie werden die Inflation nie stoppen können. Statt zu sparen schmeißen sie unserer Steuern aus dem Fenster für Kriegsgüter und anderen Mist!
#inflation#Japan#MMT
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