ABCs of MMT

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[ABCs of MMT @ABCsofMMT]

In the midst of great abundance our leaders promote privation...

[ABCs of MMT @ABCsofMMT]

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[ABCs of MMT @ABCsofMMT]

When we operate at less than our potential - at less than full employment- then
We Are Depriving Our Children...

[ABCs of MMT @ABCsofMMT]

Warren Mosler
@wbmosler
Seven Deadly Innocent Frauds of Economic Policy

https://t.co/JxsZVVSpXP

[ABCs of MMT @ABCsofMMT]

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Predictably, that Third Installment Riled the Liberals.

There’s nothing they like more than using the need to spend on the poor to justify raising taxes on the rich.

[ABCs of MMT @ABCsofMMT]

L. Randall Wray
@glf530619
Pre-distribution or Redistribution? The Piketty Moment, the Democrats and the Oncoming Elections (Guest Post)

https://t.co/5ZdVgXfWqD

[ABCs of MMT @ABCsofMMT]

The Correct Answer is:
FALSE

Well done!

[ABCs of MMT @ABCsofMMT]

Running budget surpluses now will help build up the funds necessary to cope with the aging population in the future.

[ABCs of MMT @ABCsofMMT]

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St. Nick is the Patron Saint of Pawnshops and, appropriately, for Thieves...

[ABCs of MMT @ABCsofMMT]

L. Randall Wray
@glf530619
MMP Blog #12: Commodity Money Coins?

https://t.co/OP3Gi2Yd52

[ABCs of MMT @ABCsofMMT]

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Coins Have Never Been a Form of Commodity Money,

rather they have always been the IOUs of the issuer.

[ABCs of MMT @ABCsofMMT]

L. Randall Wray
@glf530619
MMP Blog #12: Commodity Money Coins

https://t.co/OP3Gi2Yd52

[ABCs of MMT @ABCsofMMT]

The Correct Answer is;
FALSE

Well done!

[ABCs of MMT @ABCsofMMT]

Persistent budget deficits will burden future generations with inflation and higher taxes.

[ABCs of MMT @ABCsofMMT]

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A Budget Deficit is an Outcome, Not a Goal...

[ABCs of MMT @ABCsofMMT]

L. Randall Wray
@glf530619
What Is MMT, and Why We Should Not Wait for the Next Crisis to Live Up to Our Means

https://t.co/OJ3DSWm8lz

[ABCs of MMT @ABCsofMMT]

The correct answer is:
FALSE

Well done!

[ABCs of MMT @ABCsofMMT]

By running budget surpluses the national government takes pressure off interest rates because more funds are then available for private sector investment projects.