Warren B. Mosler
26.6K posts
Warren B. Mosler
@wbmosler
moslereconomics.com/mmt-white
Free online The 7 DIF: tinyurl.com/yzgh3qzz
“too rational for a world obsessed with irrational glamour”
When you understand MMT you understand the 'human condition' is one big ugly self-inflicted wound.- Hi I'm taking an extended break from X. It's all been said. Many thanks for engaging!
- Nothing I haven't been talking about and writing about for the last 50 years. ;)
00:00 - A 600-Page Textbook About Modern Monetary Theory Has Sold Out
- Seems no one of consequence noticed this :( Does the National Debt Matter?| St. Louis Fed
- So the problem with the US trade deficit is that we're losing jobs, so we put on tariffs that make unemployment go up. And if that doesn't work, we put on more. Drilling holes in the boat to let the water out. Back to 'beatings continue until morale improves' policy.
- The Fed has failed to provide any research over the last several years showing that inflation is a function of rates.
- Replying to @jessefelderThe public debt is nothing more than the $ spent by gov that haven't yet been used to pay taxes. They sit in the economy as cash and as $ in reserve accounts and securities accounts (tsy secs) on the Fed's books. It functions as the net money supply.
- Reminder- the monetary system is a tool for directing real outcomes.
