Phil Armstrong has spent 29 episodes unpacking the machinery we pretend is inevitable: how banks actually work, why inflation hits differently depending on who you are, what fiscal space really means. Not theory. Operational reality. #MMT #Economics

Stop blaming the deficit. Start asking: what would actually break the economy if we spent more? This tool lets you test the real constraint on government spending. It's not the numbers in the spreadsheet. #MMT #Economics https://mmtaction.com/play/inflation-threshold/

Maybe the Chinese have discovered the secret of State Capitalism: that you can always print money to solve crises. And they dont only do it to protect their banks. They don't call it #MMT but even so.... #economics

The NHS isn't underfunded because there's no money. It's underfunded because the people in charge treat it like a household budget instead of what it is: a real-resource question. Nurses, beds, equipment, training. Build those. #MMT #Economics https://mmtaction.com/campaigns/causes/health/

We need a party and a leader that is not constrained by neoliberalism as Starmer and Labour are. The only party leader who shows signs that he might have a better understanding of government finances is Zack Polanski. #MMT

Austerity isn't caution. It's a choice. Cutting public spending during a downturn shrinks demand, kills jobs, and delays recovery. The 'fiscally responsible' framing is politics dressed up as economics. #MMT #EUPolicy

Elon Musk deleted this tweet which reveals exactly who he is. But of course on the internet nothing is ever deleted.

Well, this is all true!

MMT isn't something you just read about. It's something you talk through. An online community is doing exactly that, every week. Bring your questions. Pull up a chair. #MMT #Economics

Stop debating tax rates. UK govt doesn't "need" that windfall tax revenue to spend. The real question: will it use fiscal space to boost demand for ordinary people, or let banks hoard while wage earners starve? #MMT #UKPolitics

When you see the relentless attacks from other parties on the Greens across the media remember this: They hate our plan to end Rip Off Britain. They don't want a wealth tax. They don't want public ownership & lower bills. They're trying everything in their power to stop us.

Two decades of austerity wasn't inevitable. It was a choice. The UK govt is a currency issuer. It never faced a "maths problem". It chose to starve services while blaming scarcity. Stop treating poverty as physics. #MMT #UKPolitics

BOND GILT EDGED BOND But the state is not a household; it is the scorekeeper for the currency. The “debt” was never a debt in any sense that constrained the sovereign. #MMT mmtmichael.substack.com/p/the-name-i...

he sheer cognitive dissonance of this arrangement—defending the right to be impaired at work while simultaneously legislating to incarcerate others for using different intoxicants—is staggering. #MMT mmtmichael.substack.com/p/time-ladie...

The “First World” did not cause Zimbabwe’s crisis, but it made it worse, longer, and harder to escape. Here Comes the Cavalry! “First World” Involvement in Zimbabwe’s Economic Crisis A Graphic Novella #MMT mmtmichael.substack.com/p/here-comes...

For more detail read here... substack.com/@mmtmichael/... #MMT

#ModernMonetaryTheory is THE KEY to EVERYTHING we want - if like me, you too are a progressive and a socialist. So? So, #LearnMMT! U N D E R S T A N D #MMT. #SharedEconomy #ResourceBasedEconomy #Limitarianism #macroeconomics #RealProgressives #MacroNCheese youtube.com/shorts/J_ERH...

10 out of 11 major mainstream economic predictions we've assessed were wrong. Not slightly off. Wrong. Austerity. QE inflation. Japan's "debt crisis." The 90% debt cliff. With #scoteconfest this weekend, time to look at the receipts. #MMT 🧵

Next time someone says "we can't afford it" or "the bond markets won't allow it," show them the track record of the people making those claims. Browse predictions, filter by outcome, check any predictor's accuracy score. The record speaks for itself. #MMT #scoteconfest

Look what I found. open.substack.com/pub/frapacio...

Full Faith and Credit Why State Power, Not Markets, Determines the Fate of Money #MMT mmtmichael.substack.com/p/full-faith...

NEW!! 🎧 MMT & Marxist class analysis can complement each other when 💵 is understood as a tool of the state rather than an ideology. Anthony Anastasi & @austerityismurder.bsky.social take on common Marxist critiques of #MMT & what China’s political economy reveals about monetary sovereignty & power.

NHS We can't afford the unaffordability myth... #MMT medium.com/@malcolmreav...

MMT threatens vested interests in the economy and in economics, that's why we can't talk about it. This is great from @spborden.bsky.social #MMT open.substack.com/pub/susanbor...

James Tobin's conversation with JFK that shows he understood in 1962 that the deficit was not constrained numerically but by available resource limits, and that gold was not needed to sustain a currency. Council of Economic Advisers Oral History Interview static.jfklibrary.org/5lm2g465mk0l...

A really clear explanation of what Government 'debt' actually is and why it's nothing at all to be concerned about. From @auchentrachle.bsky.social, Modern Money Scotland: www.thenational.scot/news/2564668... #MMT

We don't need to "tax the rich". We don't need "a wealth tax". We need to tax wealth. There's a difference. Excess wealth permits a distortion of political power and command of earth's natural resources. We don't need taxes of the rich to pay for anything. We just don't need or want the rich.

These are self imposed fiscal rules. Self imposed. Labour are choosing to push 50,000 children into poverty to signal to wealth & capital that they're on their side. Disgusting. Sick. Broken.

That's how I'm going to start my article for Labour Briefing

A reminder that Thatcher's "government as household" analogy traps us in a degenrate narrative that will always end in austerity.

These quotes keep surfacing. The creator and issuer of the "greenback", he apparently didn't like paying interest to private banks. This is from a speech made after the civil war, and shortly before he was assassinated.

There is no need for ‘fiscal’ rules - just resource/inflationary rules. The UK Govt never need worry about the money. It should focus instead on two questions: Do we have the resources, skills and labour to do it? Will it be inflationary?

Every brain creates its own reality. There are consequences to creating false realities. Austerity kills economies and people.

In other words “fiscal rules” are put in place to make sure we keep believing that the gov’t needs us to pay it tax, or lend it money, before it can spend. But how does that work for pensioners, teachers, nurses, weapons manufacturers etc, who are paid by gov’t and only then can pay tax or lend £s?

Streeting is a monster like the rest of Starmer's mob. How many people, especially children, do you know who are suffering some form of mental disability? It wasn't like this before - when was it?

There’s no “National credit card”, there no such thing as “taxpayer money”. Taxes are not a funding mechanism. There’s no operational dependency on what government taxes to what it can spend. It can never run out of £, or go bust. Ever. And “fiscal rules” are complete nonsense.

SNP MP calls for Trump state visit to be scrapped. Others should support. Unhinged felon must not be honoured. 34 felony convictions in New York alone. Dodged prison because his billionaire pals helped him win election. Risk of mass social disorder, if the visit goes ahead.

@russincheshire.bsky.social could learn how our monetary system operates - as could all. Byline Times contributors. The UK is a fiat currency issuing state. It spends money into existence and taxes some of that money out of existence. Ergo - taxes do not, and cannot, ‘fund’ spending. #LearnMMT

No it wouldn’t. It would destroy £30billion of the wealthiest’s money and give them £30bn less to bribe politicians. That’s it. The money deleted does not affect our govt’s ability to create £s. While you spread the tax-payer myth, you hand Reeves the wiggle-room to plead poverty. #LearnMMT

Un the context of endogenous money, it is far more likely that the money supply responds to inflation. And not vice-versa.

👇🏻😳👇🏻 Did you know that the UK Govt hands bankers and financiers £100bn of newly created money every, single year for having enough spare money to buy bonds. This process has zero benefits for us. By 2050 it will be close to 2.5 £trillion. Just handed to the rich for nowt. #LearnMMT

"For those who want a 5 minute explanation"

Stephanie Kelton - "We can, and must, tax the rich. But not because we can't afford to do anything without them. We should tax billionaires to rebalance the distributions of wealth and income and to protect the health of our democracy" France to introduce a 2% wealth tax on those worth over €100m.

It’s not true what the grocer’s daughter said. This may be a shock, but there’s no such thing as “taxpayer money”. She lied. There’s only government money, and if government doesn’t spend enough money into the economy, taxpayers don’t have money to pay taxes. Or live on.🧵👇

New Essay! 🗣️ ✨ Money is Not a Medium of Exchange ✨ Contra the "exchange" paradigm linked to myths of barter, Jens Martignoni argues that we must reconceive money as an inherently collective project and rethink monetary functions as resulting from political design. Please read & share! 👩‍💻 🙌