@tonyannett I have a different 3. Private sector debt. When it becomes unsustainable it triggers the crisis created by financial deregulation and asset bubble.
Inequality is a permanent institutional distribution problem. Global imbalance is an institutional feature of colonial exploitation
“More money chasing fewer goods!”
Of course not. Prices increase when sellers of goods demand more money for the same amount of stuff.
If your costs increase, it means someone else’s income increases.
Inflation is always good for someone. Just not you in this case.
This is excellent. @thetimes reaction to Zack Polanski tells us the establishment are seriously worried about revealing government finances are nothing like a household and it’s time Thatcher’s dangerous lie was excised from political debate.
@MattWalshBlog The ideology of rapists.
You don’t understand it yet but admissions like this will play a big role in the destruction of US hegemony.
Empires don’t survive through sheer raw power. It was the pretence of civility which kept much of the world on your side. Thats gone now.
@HenricCont@PatriciaNPino As usual with you Henric old bean all talk no evidence. The USA has broken intl law. Fact Unfortunately our govt should be be in the Hague That peace prize woman you referee to has Not been democratically elected as Maduro was it won't last as the people will not have it!
@HenricCont@PatriciaNPino As usual with you Henric old bean all talk no evidence..
.
The USA has broken intl law. Fact Unfortunately our govt should be be in the Hague That peace prize woman you referee to has Not been democratically elected as Maduro was it won't last as the people will not have it!
@joecguinan are not critiqued… but only expansionary fiscal policy is critiqued… shows you that there has been a systematic attempt to curtail democracy via these mechanisms. Though as mmt explains these attempts have been (all things considered) largely unsuccessful.
@joecguinan 1)Pension funds run dangerously leveraged positions.
2)BOE announces QT
3)Truss announces tax cuts budget in the middle of a supply side shock
4)Markets predict inflation, which they link to future int rate rises (because thats how the BOE has been told to respond to inflation)
Argentina have confirmed Juan Cruz Mallia has torn the anterior cruciate ligament in his right knee after being tackled by Tom Curry in an incident that caused England's successful autumn campaign to end in fiery controversy. Mallia is now out from rugby for at least 9 months.
There’s absolutely no place for thugs in our game. If you want to carry on like that, pick a different sport. Simple. This is the same energy as Darcy Swain wrecking Quinn Tupaea’s knee, a moment that stole a World Cup and some of the best years of his career.
Acts of pure thuggery deserve life bans. And if the reports of attacking the coach Felipe Contepomi in the tunnel are true, then Tom Curry shouldn’t set foot on a rugby field ever again. Full stop.
#Rugby #ENGvARG
@JBTC1971@BrianHepburn14@StephanieKelton@ZackPolanski@Williamgallus What a lot of "bollocks" explain which of these several MMT boom and busts you went through? I suggest you take a deep breath relax take your mitts of the keyboard and take a long good at yourself !!!!
They don't know what to do with someone like @ZackPolanski, who refuses to let their faulty metaphors go unchallenged. As others begin to emulate what he's doing, the metaphor will break.
I’m getting fed up with answering all the “money printing = hyperinflation = currency devaluation” tropes. It’s an utterly false narrative.
Please cut out and keep these handy reminders.
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.🧵👇
The tragedy of it all is that we did it to ourselves, in response to Thatcher’s biggest lie: the UK relies on tax-payers’ money.
Before that moment in 1983, Keynes was the accepted authority: If we can do it, we can afford it.
The UK govt is not a household.
@orangesky_JC@DavidMcNab17@DanNeidle Also Japan is a case that proves your notion wrong (GDP which is a crap indicator,)that a sovereign country runs its economy like a household which Dan and others believe and try to trick the public that it does ....The COVID PPE contracts state it doesn't....
@orangesky_JC@DavidMcNab17@DanNeidle Risk/reward neo liberal rubbish. Govt agencies e.g. central banks don't print they digitally debit .. to those institutions who have accounts..with that CB..So do institutions purchase bonds in the primary or secondary market? or exchange their cash for a coupon & easy money ?