MMT Switzerland

Promoting discussion about Modern Monetary Theory in Switzerland.

[James Tapper @JamesJohnTapper]

New Release: Randall Wray’s Latest MMT Book.
Learn Modern Monetary Theory. It’s going to change everything you think you know and make politicians look to meeting people’s needs for a change. #MMT #LearnMMT #JobGuarantee https://t.co/W6JuRia7vt

[Mark Flowerchild #MMT #RealProgressives @MarkFabian21]

New Release: Randall Wray’s Latest MMT Book https://t.co/oB0UdsbiWq

[Stephanie Kelton @StephanieKelton]

I realize you’re all watching football, but I’m over here working.
https://t.co/t3kv22zHxb

[Gower Initiative for Modern Money Studies @GowerInitiative]

A new book from one of the most prominent #MMT economists, Randall L Wray.

“Is money precious and scarce, necessitating iron fiscal discipline? Must the government always balance the books or risk ruin?”

https://t.co/rBLE93vngN

[Thomas Fazi @battleforeurope]

William Beveridge already had a firm grasp of #MMT concepts in 1948, such as the notion that the role of bond issuance is to control interest rates - NOT finance public spending. And that there's no real difference between monetary financing and bond-matched deficit spending.

[MMT Switzerland @MmtSwitzerland]

Many leftists support a UBI. But few know this idea originates from the most prominent father of neoliberalism: Milton Friedman. To understand why UBI is perpetuating the very system which gave rise to what it tries to solve, listen to this fascinating interview with @billy_blog

[Macro n Cheese Podcast #MMT @CheeseMacro]

Neoliberalism claims we have to serve the economy, the economy can’t serve us. Not so, says @billy_blog. Let’s resist the propaganda.

#unemployment #jobs #UBI #income #FJG #FederalJobGuarantee #UniversalBasicIncome #MMT #neoliberalism

https://t.co/aYpmFul0iR

[MMT Switzerland @MmtSwitzerland]

@billy_blog , https://t.co/GSzrxwKPko
#MMT

[MMT Switzerland @MmtSwitzerland]

We cannot make any assessments on the basis of someone saying the fiscal deficit is 10 per cent of GDP or 2 per cent.

The former is not better or worse than the latter.

A 2 per cent surplus is not better or worse than a 10 per cent deficit.

It all depends … on the context.

[MMT Switzerland @MmtSwitzerland]

@billy_blog
https://t.co/CGxvaYHJDO

[MMT Switzerland @MmtSwitzerland]

Govt doesn't apply or switch to MMT. MMT is a lens providing a better grasp of the fiat monetary system & capacity of the ccy-issuer. By linking institutional reality with behavioural theories, it provides a more coherent framework 4 assessing the csquences of govt policy choices

[MMT Switzerland @MmtSwitzerland]

Given there are no intrinsic financial constraints on a currency-issuing government, we understand that mass unemployment is a political choice. Imagine if citizens understood that.

@billy_blog
https://t.co/CGxvaYHJDO

[MMT Switzerland @MmtSwitzerland]

An understanding of MMT does not “lead to higher inflation”. Having a sound knowledge of the way the modern fiat currency works doesn’t lead to any predisposition other than being erudite.

@billy_blog
https://t.co/CGxvaYHJDO

[MMT Switzerland @MmtSwitzerland]

Urged by the IMF & mainstream econ, a trap developing economies fall into is boosting tourism: this just increases dependency on ext. constraints (more food & energy imports to cater to tourists) & racing to the bottom by competing with all other destinations.
@FadhelKaboub

[MMT Switzerland @MmtSwitzerland]

3 structural deficiencies keep developing countries trapped, suffocating spending & productive capacity: 1 lack of food sovereignty, 2 lack of energy sovereignty & 3 the value-added content of their exports is low and value-added content of their imports is high.
@FadhelKaboub

[MMT Switzerland @MmtSwitzerland]

Fiscal policy (govt spending) is there to achieve productive resource configurations that serve some purpose. Once the mission is set, then it doesn't matter what the final fiscal outcome is (deficit, higher debt, surplus, etc.) as long as the mission outcome is sustainable.

[MMT Switzerland @MmtSwitzerland]

Who's gonna tell em that the US Government has been "implementing" MMT since May 1971 ?... 🤷‍♂️😆😜

[Warren B. Mosler @wbmosler]

Badge of honor:
https://t.co/lvpAc3EWIb

[MMT Switzerland @MmtSwitzerland]

Where does inflation come from? We must accept the govt's prices since that is the only way to get the $ we need to pay taxes. Inflation is therefore caused by govt continuously paying higher prices for the same thing, which defines its currency downward.

[MMT Switzerland @MmtSwitzerland]

Because the govt is the only issuer of the currency, it cannot be that taxes fund the govt spending. Exactly the opposite is the case: It must be govt spending which finances our ability to pay taxes.

[MMT Switzerland @MmtSwitzerland]

@cullenroche @dandolfa Maybe it is nonsense to YOU because u don't really understand or know MMT?... We have lots of good resources to recommend if u r interested or curious (I am going to guess u are not, but let s pretend u are of good faith).

[MMT Switzerland @MmtSwitzerland]

@mtngun @IndSocialist It would seem your understanding of money, capitalism & MMT is confused & lacking. There are plenty of good sources to help we can recommend if u wish.

[MMT Switzerland @MmtSwitzerland]

2 individuals from opposite extremes of the political spectrum could have exactly the same MMT understanding but come up with completely different policies bcse they have totally different value systems. So MMT is not a regime u "shift to". It is relatively agnostic about policy.