𝓼𝓮𝓻𝓪𝓹𝓪𝓽𝓱【ツ】☮(📍🇬🇧)
So MMT says governments and banks print to enrich the rich folks.
the billionaires like musk and bezos, but also the corrupt multimillionaire politicians and their lobbyost friends.
That causes inflation for all of us so we cant pay for houses and barely groceries and rent.
When there is too much noney in circulation, they tax us, taking it from everyone.
MMT sounds like justifying a scam to me 🤔
wasnt it taxes were meant to pay for stuff?
Cory Doctorow
That is a completely unrecognizable account of what MMT says. Like, it's not the opposite of what MMT says; rather, it's completely unrelated to what MMT says.
If you have acquired this impression of what MMT says then you have either read unimaginably bad sources or interpreted them so incorrectly that it's almost inconceivable to me.
This is, as the physicists say, not even wrong.
Cory Doctorow
@serapath @jlepawsky here is a 10-minute video in which Bernie Sanders' former chief economic advisor explains the theory in a nutshell:
https://www.ted.com/talks/stephanie_kelton_the_big_myth_of_government_deficits?subtitle=en
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