Modern Money Pakistan

Demystifying economic myths and promoting understanding of Modern Monetary Theory #MMT in Pakistan.

[Positive Money UK 🦋 @positivemoneyuk.bsky.social @PositiveMoneyUK]

Dear @BBCNews,

No, the UK has not "maxxed out" its credit card 💳

We invite you to watch this video to learn how public finances really work.

Share if you think reporters should be educated in basic economics 👇

[Modern Money Pakistan @MmtPakistan]

Exhibit A: When everything you say is incorrect 😊

On a serious note, I hope these fiscal conservatives working at key positions know better than what they tell their constituents .

[Modern Money Pakistan @MmtPakistan]

A joint report regarding CBDC by Bank of Canada, European Central Bank, Bank of Japan, Swedish Riksbank, Swiss National Bank, Bank of England, the US Federal Reserve and the Bank for International Settlements.

https://t.co/7c3PWoDBkR

[Modern Money Pakistan @MmtPakistan]

Powell: Fed open to private sector collaboration in possible digital dollar https://t.co/aF4WKhgmwQ via @Yahoo

[Modern Money Pakistan @MmtPakistan]

"Of all the many ways of organizing banking, the worst is the one we have today."

Sir Mervyn King
Governor Bank of England, 2003-2013

[Modern Money Pakistan @MmtPakistan]

@UzairYounus @GOP Perhaps it is time to reconsider federal government deficits in currency it can create & stop worrying about deficits. May I suggest to explore Modern Monetary Theory (MMT). A good start can be recent bestseller The Deficit Myth by Stephanie Kelton.

https://t.co/gsspOQLlSL

[Modern Money Pakistan @MmtPakistan]

Singapore can offer several examples particularly for developing countries on how state can play an important role in urban development and affordable home ownership.

https://t.co/1A6skzU4Sm

[Modern Money Pakistan @MmtPakistan]

https://t.co/k2HOITvZ3K

[Modern Money Pakistan @MmtPakistan]

Great Initiative. Government of Pakistan issued financial support to 10 million families in only 9 weeks. Bio-metrics were effectively used to avoid any duplicate payments.

[Imran Khan @ImranKhanPTI]

Our govt successfully transferred Rs. 120 billion in 9 weeks to over 10 million families in a transparent manner to deal with the COVID19 fallout on the poor.

[Gower Initiative for Modern Money Studies @GowerInitiative]

‘Macroeconomics’
#MMT textbook by William Mitchell, L.Randall Wray and Martin Watts.
“The dominance of the mainstream macroeconomics narrative in the public domain is achieved through a series of linked myths that are reinforced with strong metaphors...obscure the truth”

[Modern Money Pakistan @MmtPakistan]

@aikhwaja I am deeply saddened by the news of your loss. My deepest sympathies go out to you and your family.

[Global Institute for Sustainable Prosperity - GISP @GISP_Tweets]

"A strange-looking contraption that could represent a new frontier in #CleanEnergy wallowed in the water alongside a coal dock here in a bay in northwest #Spain."

#Renewables #RenewableEnergy
https://t.co/FQFsxdv2w1

[Modern Money Pakistan @MmtPakistan]

Summary
- Austerity projected to affect 5.8 billion people by 2021
- UN offers handbook on alternative financing options
- IMF and World Bank continue to cling to unnecessary and harmful fiscal orthodoxy

Source:
https://t.co/DQ83BneDVP

[Modern Money Pakistan @MmtPakistan]

Endless misery imposed by IMF. Pakistan "instructed" to strive for a balanced budget, cut jobs and freeze wages, and increase tax revenues all during hard-hit pandemic. This is exactly the opposite what G7 are doing themselves.

https://t.co/0xeGAmbCaB

[Modern Money Pakistan @MmtPakistan]

Slightly old clip from WSJ about Chinese payment system. Several lessons for just about every country.

https://t.co/moVntbMZEZ

[Modern Money Pakistan @MmtPakistan]

Great initiative.

[Pavlina R Tcherneva @ptcherneva]

Pakistan Combats Massive Unemployment By Hiring People to Plant 10 Billion Trees

https://t.co/wvibm32qKz via @mymodernmet

[Fadhel Kaboub فاضل قابوب @FadhelKaboub]

#DenisonProud of my former student @DenisonU Dr. Vincent (Yijiang) Huang, an expert on #China #MMT #JobGuarantee discussing his recent @GISP_Tweets publication. Take a listen!
@MMTpodcast @UMKC @umkcalumni

[Modern Money Pakistan @MmtPakistan]

Not an ideal comparison when you compare GDP of nations vs market capitalization of a corporations. However, only 14 countries have annual GDP figures greater than Apple's market cap of 1.3 Trillion.

https://t.co/FfXxxzzEKV.

[Modern Money Pakistan @MmtPakistan]

Early version of digital yuan.

[Modern Money Pakistan @MmtPakistan]

China is early adapter with sovereign digital currency and has introduced it in four cities. Chinese central bank will track how money is used by its citizens and perhaps manage future business cycles more effectively.

https://t.co/GKocSwipid