Anyone interested in defining the role MMT must play in history should read Karl Polanyi’s “The Great Transformation.” Here is my first attempt: https://t.co/HDiSET26EK
#PracticalMMT. If a National Co-op Affordable Housing Unit is an asset with monetary value, why can’t the FED accept that asset as collateral for new Reserves issued to a Public Bank—which would then make a zero interest “loan” to build the housing unit? https://t.co/J3B65ByHO6
#PracticalMMT. What if non-profit Public Banks could trade to the FED, as collateral, Public Assets (for example, a nationally owned Affordable Housing Unit) for new Reserves (fiat dollars) which would then be used to build the Affordable Housing Unit? https://t.co/J3B65Bh6pw
#PracticalMMT. Fundamental question: why can fiat money only be created to purchase profit-making goods and services? Why do we believe not-profit-making undertakings must beg, borrow, or garner (philanthropy, bonds, taxes) from existing profits and wages? https://t.co/J3B65Bh6pw
This novel dramatizes what a National Affordable Housing Coop—paid for by MMT—could accomplish. And what the forces are that will try to prevent it from happening. https://t.co/wVUde1YytB
It has come to my attention that the publisher of the book "The Millennials' Money" (recently discussed here) has closed shop and the book is no longer available. I plan to republish it this spring--and in doing so will correct a few "errors" in the original.
Paying Ourselves to Save the Planet is now available as audio-book. https://t.co/LAEBtdVuXG Production specifically targets the Millennial generation who are about to inherit the gravest challenge ever faced by modern society. Please pass the word!
@ABCsofMMT Whoever made youtube of Mobilization & Money--Kudos!
Please contact me through my website: https://t.co/WemOTz5RgX. Would like to discuss making a series!
@johnpauljos Trying to get this new book to young climate activists. Understanding how modern “fiat money” actually works will be the KEY to unlocking the doors to climate action. How can I get you a copy? https://t.co/5DeZJOD4tx
@vict_barrett Trying to get this new book to young climate activists. Understanding how modern “fiat money” actually works will be the KEY to unlocking the doors to climate action. How can I get you a copy? https://t.co/5DeZJOD4tx
@releaf4us Trying to get this new book to young climate activists. Understanding how modern “fiat money” actually works will be the KEY to unlocking the doors to climate action. How can I get you a copy? https://t.co/5DeZJOD4tx
@xiyebastida Trying to get this new book to young climate activists. Understanding how modern “fiat money” actually works will be the KEY to unlocking the doors to climate action. How can I get you a copy? https://t.co/5DeZJOD4tx
Standard money theory says that dollars for public enterprise can only come from the pot of dollars that have already been earned, or will be earned in the future, by private enterprise. This is the Ouroboros snake eating its tail. From “Paying Ourselves to Save the Planet.”
Paying Ourselves to Save the Planet contains 26 new diagrams explaining how the Reserve/bank-dollar system facilitates MMT. Diagrams can be downloaded free at https://t.co/F9FQ9MpEXS
New book explores why Standard Money Theory is incapable of addressing the climate crisis & how a shift in perspective transforms Standard Theory into MMT—which can.