ScamID

Scam Artists on Twitter is my business. Feel free to send me your candidates.
I only follow Scammers for your benefit.

[ScamID @InvestingDeep]

@ProfSteveKeen @DanielJHannan Calling 1960–74 “pre-neoliberal” and everything after 1975 “neoliberal” is not analysis. It compares a postwar reconstruction boom with oil shocks, aging, mature economies and multiple global crises, then assigns the entire difference to an undefined ideology.

[ScamID @InvestingDeep]

@DEhnts Minimum

[ScamID @InvestingDeep]

@ProfSteveKeen First thing the tell you when entering a cult.

"Everything you know to be true is wrong"

[ScamID @InvestingDeep]

@DEhnts Zimbabwe didn't run out either. Which is precisely why the IMF had to step in.

Hyperinflation you are advocating for is not a path to prosperity.

[ScamID @InvestingDeep]

@MMTmacrotrader Gov borrows existing private savings, then returns those $ as interest. Deposit flow: net $0. Debt remains, requiring future taxes and refinancing.

When rates rise, fixed-rate bond prices must fall. That’s math, not opinion.

You are clueless how it all works. Stop talking.

[ScamID @InvestingDeep]

@MMTmacrotrader Fiscal debt not "add"

Gov borrows $100 of existing $s to spend $100 right back. Net $0 fiscal "add"

Plus $100 of fiscal DEBT! The tax payers will have to pay with future output.

[ScamID @InvestingDeep]

@DavidMcNab17 @antonliubich True, banks don’t lend reserves.
But that’s a moot point.
Banks still need assets greater than liabilities, capital, collateral, creditworthy borrowers, and settlement ability.
A bank loan is not magic. It is a legally binding claim on future output.

[ScamID @InvestingDeep]

@DavidMcNab17 You dont know what austerity means.

Nor do you know what Neoliberalism means.

Stop using these words. You are using them completely backwards of their meaning.

[ScamID @InvestingDeep]

@DavidMcNab17 Currency means coin/paper notes.

Gov can mint coins.
Fed paper notes. (Not Gov)

Neither can counterfeit & spend.

Gov can mint, tax/borrow.

Gov doesn't pay with coins.

You are confusing the thing (coins) that represents money with money. Its not.

Money is a claim on output.

[ScamID @InvestingDeep]

@DavidMcNab17 @Labourheartland Regulators already control the price.

Ownership does not repeal cost.

Nationalization moves the bill; it does not make the bill vanish.

[ScamID @InvestingDeep]

@DavidMcNab17 Venezuela disagrees

[ScamID @InvestingDeep]

@jbhearn @NKozev Economy has grown just fine. Start there.

[ScamID @InvestingDeep]

@BobMurphyEcon By that logic housing should have collapsed when rates rose. They didn't.

No correlation

[ScamID @InvestingDeep]

@AusMMT Volcker & Powell

Any questions?

[ScamID @InvestingDeep]

@omgitsocreative @DEhnts "Currency issuer"

Your welcome

[ScamID @InvestingDeep]

@FrenchTwist4 @DEhnts No!

MMT claims Gov can spend nothing first & magically creates "resources"

0-1=1 it doesn't it=0

Raw Resources are not created by symbols on a ledger. WRONG!

Greenspan blew MMT up! It's
Real resources valued at exchanged that create value for claims on output. Not symbols ($)

[ScamID @InvestingDeep]

@DEhnts Stock savings of what?

[ScamID @InvestingDeep]

@haugejostein So why can't 1.4 billion people outperform 330 million people in the US or EU?

[ScamID @InvestingDeep]

@MMTLabour ?

[ScamID @InvestingDeep]

@DEhnts Funny, Venezuela said the same exact thing you just did.

It didn't end well.