🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

MMTers: Our great insight is that money (meaning currency) is not scarce for the issuer of it (government). Therefore, we have explained how the economy works.

Sometimes you have to agree with MMTers. They're not always wrong, after all.

The logically challenged MMTers are at it again: apparently, if there is anything at all about MMT that is the least bit correct, then all critiques of it fail?

Of all the absurd things MMTers say, #2 below is next level

🎯

MMTers are the ultimate gaslighters: always changing their own argument in order to claim their critics are wrong and always were wrong.

I’m delighted to announce that the launch of my new book ‘On Democracies and Death Cults’ will take place next Friday, April 4 at Columbia University.

What characterizes 'economists' of Post-Keynesian or MMT persuasion is not only their strong political bias, but that they're so fundamentally uninterested in how the economy works; their 'economics' is centered around discussing how policy can/should manipulate macro aggregates.

Per Bylund We are rarely dealing with good faith actors when speaking with people advocating for socialism (which includes keynesians, MMTers, or muhammads who want shariah law). These people are here to flood your comments and deny basic economics in the name of their god, the state.

Per Bylund #MMT is a political cult masquerading as economics experts If the cult followers had any brains, they would learn something from the #DOGE disaster and realize "inflation is the constraint" were just nice words to satisfy an argument. Politically it's impossible to do.

Did ancient civilizations prove Austrian economics right? Jonathan Newman and Robert P. Murphy dive into fascinating archaeological evidence from Mesopotamia that challenges Modern Monetary Theory's view on the origins of money. A must-listen debate! #HAPod

You’re quoting MMT doctrine like it’s gospel—but let’s be honest: theory without historical context becomes fantasy. Yes, I’m fully aware the U.S. issues debt in its own currency. Yes, it doesn’t "run out" of dollars. But that’s not the point. The point is what that debt

Sony Thang medium.com/@jamesjkroeger… MMT is not the idyllic solution that its proponents think it is...

Just submitted my book chapter "'Coming up with the money is the easy part.' Entrepreneurship and MMT" to the editor for peer review. Looking forward to the feedback and comments!

Second Keynesian nonsense of the day. If the US does not run a trade deficit the world runs out of dollars. The typical MMT nonsense that considers state debt as a reserve no matter what government does... You cannot make this one up.

The MMTers like to claim that they actually read what the historians and anthropologists have to say, rather than the ideological orthodox economists. In this episode I show how much Randall Wray distorts 2 historical episodes in monetary history (link next):

💯

Alastair Leith Warren B. Mosler MMT rhetoric tries to have it both ways--constantly telling people that the gov't can "afford" to give them anything they desire (see Green New Deal) while insisting that by doing so they are "really" drawing attention to the fact that resources are limited. 1/2

My answer to a critic who thinks I do not know my MMT:

I'm looking forward to the forthcoming volume "anti MMT," edited by Jonathan Newman, which collects essays addressing many of MMT's main flaws. No longer can MMTers claim they're not taken seriously. But it also means they need to step up and produce valid defenses for their "theory."