.\ Tom Foster at tomfoster66 dot bsky dot social

🇦🇺Living on Bidjigal land of the Eora Nation. Mostly follow politics, #MMT economics, history, sport #SydneyIsSkyBlue #YNWA at tomfoster66 dot bsky dot social

[.\ Tom Foster at tomfoster66 dot bsky dot social @tomfoster66]

@RobertoBazzichi @litewhisperer @nicola_humar @Chini_Francesco Nicola’s version requires maintaining the wealthy in place to fund - via the tax money we receive from them - the essentials & nice things we need as a society

Your version means we do not need the wealthy

[Ashish @barua_82]

Mainstream economics is either fake knowledge OR fear-mongering!

1) Money printing - Fake knowledge!
2) Banks lending reserves/money multiplier- Fake knowledge!
3) QE is money printing - Fake knowledge!
4) Liquidity crisis in the banking system- Fake knowledge!
5) Loanable funds - Fake knowledge!
6) Ricardian Equivalence - Fake knowledge!
7) Wage-price spiral - Fear-mongering!
8) National debt beyond 90% of GDP is bad - Fear-mongering!
9) Fiscal deficit should be 3% of GDP - Fear-mongering!
10) Taxpayers' money - Fake knowledge!
11) Bonds are a borrowing instrument - Fake knowledge!
12) NAIRU - Fake knowledge!
13) Saving creates investment - Fake knowledge!
14) Imports are bad - Fake knowledge!
15) Exports are beneficial - Fake knowledge!
16) GDP growth - headline management!
17) Inflation is a monetary phenomenon - Fake knowledge!
18) Interest controls inflation - Fake knowledge!

#MMT

[SanderVR @VrijhofSander]

@lithanders Nou, dan gaan onze spelers wel zo gekleed:

[Andreas Lithander @lithanders]

Norge kan slänga sig i väggen, här kommer Sverige!

[MJdowntheshore @MJdowntheshore]

Just sayin'.

[Toby Forage 🤙 @foraggio]

The @FIFAWorldCup hasn't even started yet but co-host United States has already disgraced the tournament with its political games and blatant racism towards participants from the Middle East, but is anyone surprised?

[.\ Tom Foster at tomfoster66 dot bsky dot social @tomfoster66]

@MMT101DotORG @litewhisperer Correction: it’s easy to *appear to demolish something you’ve made up yourself 😉

[Alan Luchetti @AlanDownunder]

@Joeby52 So pay them to work instead of not to work. No shortage of things to do.

[Bill Goggin @wgoggin]

“As much as I would like to see wealth taxes and other taxes on the rich succeed, I still hold the view that it is better to structure the economy to not give so much money to the rich in the first place.”

[.\ Tom Foster at tomfoster66 dot bsky dot social @tomfoster66]

@Raffiatim @Lindamatija25 @LizGlab Currency-issuing gvts like Oz Fed Gvt create new money whenever they spend, that is, the act of spending is the creation of new money, b it 4 welfare payments, keeping the lights on in Parly House, or buying subs

Highlighted in a crisis when a lot of new money is needed quickly

[.\ Tom Foster at tomfoster66 dot bsky dot social @tomfoster66]

@MMT101DotORG @litewhisperer Correction: and then *attempts to demolish

Btw nothing wrong in learning MMT from Twitter, personally I’ve learned a lot about MMT on sm platforms

But if yr agenda is to discredit something, then reading up on it only gives it credit. Propaganda 101…

[MagellanQuest 🇪🇺/acc @MagellanQuest]

Norway's football team photo for the World Cup

And a video of their fans

[.\ Tom Foster at tomfoster66 dot bsky dot social @tomfoster66]

@malcolm_reavell @tonyannett If so, how “good” is it really?

[.\ Tom Foster at tomfoster66 dot bsky dot social @tomfoster66]

@malcolm_reavell @random20260228 Money is credit😉

[.\ Tom Foster at tomfoster66 dot bsky dot social @tomfoster66]

@malcolm_reavell @tonyannett @tonyannett may as well be saying “I don’t like evidence-based economic theory”🤷‍♂️

[jim axon @jimaxon66]

Mounting.....

[Alan Luchetti @AlanDownunder]

Two easy pieces (for the open-minded)

(It’s not just MMT who understand fiat)

https://t.co/XCxviJggh9

[?whispers? @litewhisperer]

Follow the Hollow Brick Road
Metallic purity turns out to be a mirage. The real destination is the one we already inhabit: a world of public credit, where money is not a thing but a relationship.

https://t.co/b5LMtkUjWo

[⚽️ Kyle Sheldon @kylesheldon]

Is this the best World Cup team photo of all time?

Bravo, Norway 🇳🇴⚔️

[roweafr @roweafr]

the odd couple @FinancialReview