Xestis

New to the game

[Xestis @Xest1s]

@wbmosler I would like to see added

Education Guarantee
Healthcare Guarantee
Housing Guarantee
Transportation Grarantee
Utility Guarantee
Start a Business Guarantee
Vacation Guarantee
Retirement Guarantee
Inflation Check Guarantee

[Xestis @Xest1s]

@ItsLulu_7 Capitalism makes all people rich.

[Xestis @Xest1s]

@BJChippindale @DEhnts Gov is correct, there isn't enough money. If there was endless money, no one would ever have to work.

You really have no clue as to how the monetary system works. Better your spend the time learning how it function rather than saying incoherent words on X.

Sumbols are not money

[Xestis @Xest1s]

@BJChippindale @DEhnts Symbols are not money.

Zimbabwe never ran out of symbols they ran out of money!

Listen to your cult leader. Delete it!

[Xestis @Xest1s]

@BJChippindale @IvarHennes @DEhnts The straightest answer about the monetary payment system is this:
Symbols do not create wealth. They are not wealth, and the symbol itself is not an asset.

Inches on a ruler don't create the inches they measuring.

Blunt and factual. Deal with that reality.

[Xestis @Xest1s]

@LizGlab Is that why Africa is so rich and full.of jobs?

Interesting. Neve know that.

[Xestis @Xest1s]

@BJChippindale @DEhnts ? Not enough money? You can't possibly be serious. $40 trillion is not enough? Debt to GDP is 126% private debt $151.8 trillion globally not enough??? 🤦‍♂️

🤭

[Xestis @Xest1s]

@BJChippindale @DEhnts Scoring a goal in Football =1 putting 10 up doesn't score more than 1 goal.

[Xestis @Xest1s]

@BJChippindale @DEhnts But scoreboards don't scoreboard goals. So they are irrelevent to the game

[Xestis @Xest1s]

@yinchaoweiwang @IvarHennes @BJChippindale @DEhnts No they don't. Its illegal

[Xestis @Xest1s]

@IvarHennes @BJChippindale @DEhnts Where did I say that?

Turns out you arr the troll.

[Xestis @Xest1s]

@BJChippindale @DEhnts A symbol is not money. It is a representation—a unit used to record, price, and settle a claim on real output.

A scoreboard doesn't put numbers up and then the teams go out and score.

[Xestis @Xest1s]

@BJChippindale @DEhnts If you have actually identified idle resources that can produce output worth more than their cost, congratulations!! You found a profitable investment. You’ll be rich.

“Idle” does not mean “valuable,” and creating symbols does not make it so.

[Xestis @Xest1s]

@ANGTraders @wbmosler A symbol currency payment systems doesn't create assets.

MMT is severely economically ignorant claiming it does.

That's why they skip welath creation and funding required for a payment system to function and jump into ledgers after the fact to show where claims settled. 🤦‍♂️

[Xestis @Xest1s]

@BJChippindale @DEhnts Symbols (€£¥$...) don't create bridges.

Gov can't spend a liability of symbol and create an asset.

The payment system used to facilitate transactions and settle claims requires funding prior to use. MMT Claiming its the source of wealth is simply economically ignorant. 🤷‍♂️

[Xestis @Xest1s]

@BJChippindale @DEhnts You’re smuggling three different claims into one sentence and pretending they are the same.

We don't have a shortage of $s

[Xestis @Xest1s]

@sdgrumbine Snappy come back.

[Xestis @Xest1s]

@DEhnts When the Berlin wall fell which way did people run? East or west towards free markets?

[Xestis @Xest1s]

@RealKeithWeiner Hence low inflation for decades. Want indlation?

[Xestis @Xest1s]

@ilhandogus Mainstream economist are right. MMT ers are not economist and they are wrong.l