ScamID

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

[ScamID @InvestingDeep]

@MMTmacrotrader We already ran surpluses in the late ’90s. Civilization somehow survived.
A deficit means Gov spent more than it collected. It does not mean Congress created wealth. It created more claims on existing and future output.
Accounting is not production, Douglas. It just keeps score.

[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 ?